First Milling Balance Sheet Health
Financial Health criteria checks 3/6
First Milling has a total shareholder equity of SAR888.4M and total debt of SAR1.0B, which brings its debt-to-equity ratio to 114.2%. Its total assets and total liabilities are SAR2.5B and SAR1.6B respectively. First Milling's EBIT is SAR289.8M making its interest coverage ratio 3.3. It has cash and short-term investments of SAR219.0M.
Key information
114.2%
Debt to equity ratio
ر.س1.01b
Debt
Interest coverage ratio | 3.3x |
Cash | ر.س219.04m |
Equity | ر.س888.35m |
Total liabilities | ر.س1.64b |
Total assets | ر.س2.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2283's short term assets (SAR402.4M) exceed its short term liabilities (SAR353.2M).
Long Term Liabilities: 2283's short term assets (SAR402.4M) do not cover its long term liabilities (SAR1.3B).
Debt to Equity History and Analysis
Debt Level: 2283's net debt to equity ratio (89.6%) is considered high.
Reducing Debt: 2283's debt to equity ratio has increased from 0% to 114.2% over the past 5 years.
Debt Coverage: 2283's debt is well covered by operating cash flow (31%).
Interest Coverage: 2283's interest payments on its debt are well covered by EBIT (3.3x coverage).