Saudi Steel Pipes Balance Sheet Health
Financial Health criteria checks 5/6
Saudi Steel Pipes has a total shareholder equity of SAR970.2M and total debt of SAR479.7M, which brings its debt-to-equity ratio to 49.4%. Its total assets and total liabilities are SAR1.8B and SAR878.9M respectively. Saudi Steel Pipes's EBIT is SAR309.5M making its interest coverage ratio 8.4. It has cash and short-term investments of SAR129.6M.
Key information
49.4%
Debt to equity ratio
ر.س479.69m
Debt
| Interest coverage ratio | 8.4x |
| Cash | ر.س129.63m |
| Equity | ر.س970.19m |
| Total liabilities | ر.س878.91m |
| Total assets | ر.س1.85b |
Recent financial health updates
No updates
Recent updates
Saudi Steel Pipes Company's (TADAWUL:1320) 145% Share Price Surge Not Quite Adding Up
Mar 18
Saudi Steel Pipes' (TADAWUL:1320) Performance Is Even Better Than Its Earnings Suggest
Mar 12The Market Doesn't Like What It Sees From Saudi Steel Pipes Company's (TADAWUL:1320) Earnings Yet
Feb 02Saudi Steel Pipes Company (TADAWUL:1320) Stock Catapults 28% Though Its Price And Business Still Lag The Market
Aug 25Saudi Steel Pipes (TADAWUL:1320) Is Experiencing Growth In Returns On Capital
Aug 07Saudi Steel Pipes (TADAWUL:1320) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Nov 18We Like These Underlying Return On Capital Trends At Saudi Steel Pipes (TADAWUL:1320)
Jun 16What Type Of Shareholders Own The Most Number of Saudi Steel Pipes Company (TADAWUL:1320) Shares?
Jan 22If You Had Bought Saudi Steel Pipes (TADAWUL:1320) Shares Three Years Ago You'd Have Earned 83% Returns
Nov 30Financial Position Analysis
Short Term Liabilities: 1320's short term assets (SAR779.7M) exceed its short term liabilities (SAR692.1M).
Long Term Liabilities: 1320's short term assets (SAR779.7M) exceed its long term liabilities (SAR186.8M).
Debt to Equity History and Analysis
Debt Level: 1320's net debt to equity ratio (36.1%) is considered satisfactory.
Reducing Debt: 1320's debt to equity ratio has increased from 47.9% to 49.4% over the past 5 years.
Debt Coverage: 1320's debt is well covered by operating cash flow (52.3%).
Interest Coverage: 1320's interest payments on its debt are well covered by EBIT (8.4x coverage).