Modern Mills Balance Sheet Health
Financial Health criteria checks 3/6
Modern Mills has a total shareholder equity of SAR280.4M and total debt of SAR566.4M, which brings its debt-to-equity ratio to 202%. Its total assets and total liabilities are SAR1.2B and SAR942.2M respectively. Modern Mills's EBIT is SAR253.7M making its interest coverage ratio 5.8. It has cash and short-term investments of SAR171.7M.
Key information
202.0%
Debt to equity ratio
ر.س566.36m
Debt
Interest coverage ratio | 5.8x |
Cash | ر.س171.74m |
Equity | ر.س280.39m |
Total liabilities | ر.س942.16m |
Total assets | ر.س1.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2284's short term assets (SAR294.0M) exceed its short term liabilities (SAR205.1M).
Long Term Liabilities: 2284's short term assets (SAR294.0M) do not cover its long term liabilities (SAR737.1M).
Debt to Equity History and Analysis
Debt Level: 2284's net debt to equity ratio (140.7%) 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 (48.9%).
Interest Coverage: 2284's interest payments on its debt are well covered by EBIT (5.8x coverage).