Modern Mills Balance Sheet Health
Financial Health criteria checks 3/6
Modern Mills has a total shareholder equity of SAR211.3M and total debt of SAR643.4M, which brings its debt-to-equity ratio to 304.5%. Its total assets and total liabilities are SAR1.2B and SAR1.0B respectively. Modern Mills's EBIT is SAR264.9M making its interest coverage ratio 5.3. It has cash and short-term investments of SAR143.3M.
Key information
304.5%
Debt to equity ratio
ر.س643.41m
Debt
| Interest coverage ratio | 5.3x |
| Cash | ر.س143.25m |
| Equity | ر.س211.27m |
| Total liabilities | ر.س1.01b |
| Total assets | ر.س1.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2284's short term assets (SAR279.2M) do not cover its short term liabilities (SAR784.7M).
Long Term Liabilities: 2284's short term assets (SAR279.2M) exceed its long term liabilities (SAR227.2M).
Debt to Equity History and Analysis
Debt Level: 2284's net debt to equity ratio (236.7%) is considered high.
Reducing Debt: Insufficient data to determine if 2284's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 2284's debt is well covered by operating cash flow (42.2%).
Interest Coverage: 2284's interest payments on its debt are well covered by EBIT (5.3x coverage).