Tabuk Agricultural Development Balance Sheet Health
Financial Health criteria checks 2/6
Tabuk Agricultural Development has a total shareholder equity of SAR328.8M and total debt of SAR29.6M, which brings its debt-to-equity ratio to 9%. Its total assets and total liabilities are SAR498.2M and SAR169.4M respectively.
Key information
9.0%
Debt to equity ratio
ر.س29.65m
Debt
| Interest coverage ratio | n/a |
| Cash | ر.س9.49m |
| Equity | ر.س328.77m |
| Total liabilities | ر.س169.44m |
| Total assets | ر.س498.21m |
Recent financial health updates
Recent updates
Additional Considerations Required While Assessing Tabuk Agricultural Development's (TADAWUL:6040) Strong Earnings
Nov 24
We Think Tabuk Agricultural Development (TADAWUL:6040) Can Afford To Drive Business Growth
Apr 06The Tabuk Agricultural Development (TADAWUL:6040) Share Price Is Up 95% And Shareholders Are Holding On
Feb 09
Financial Position Analysis
Short Term Liabilities: 6040's short term assets (SAR64.1M) do not cover its short term liabilities (SAR145.0M).
Long Term Liabilities: 6040's short term assets (SAR64.1M) exceed its long term liabilities (SAR24.4M).
Debt to Equity History and Analysis
Debt Level: 6040's net debt to equity ratio (6.1%) is considered satisfactory.
Reducing Debt: 6040's debt to equity ratio has increased from 7% to 9% over the past 5 years.
Debt Coverage: 6040's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 6040's interest payments on its debt are well covered by EBIT.