Ash-Sharqiyah Development Balance Sheet Health
Financial Health criteria checks 5/6
Ash-Sharqiyah Development has a total shareholder equity of SAR368.6M and total debt of SAR6.4M, which brings its debt-to-equity ratio to 1.7%. Its total assets and total liabilities are SAR407.7M and SAR39.0M respectively. Ash-Sharqiyah Development's EBIT is SAR469.8K making its interest coverage ratio -0. It has cash and short-term investments of SAR186.5M.
Key information
1.7%
Debt to equity ratio
ر.س6.37m
Debt
| Interest coverage ratio | -0.04x |
| Cash | ر.س186.51m |
| Equity | ر.س368.64m |
| Total liabilities | ر.س39.03m |
| Total assets | ر.س407.67m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6060's short term assets (SAR217.7M) exceed its short term liabilities (SAR38.1M).
Long Term Liabilities: 6060's short term assets (SAR217.7M) exceed its long term liabilities (SAR884.1K).
Debt to Equity History and Analysis
Debt Level: 6060 has more cash than its total debt.
Reducing Debt: 6060's debt to equity ratio has reduced from 4.7% to 1.7% over the past 5 years.
Debt Coverage: 6060's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6060 earns more interest than it pays, so coverage of interest payments is not a concern.