Watani Iron Steel Balance Sheet Health
Financial Health criteria checks 4/6
Watani Iron Steel has a total shareholder equity of SAR242.4M and total debt of SAR91.2M, which brings its debt-to-equity ratio to 37.6%. Its total assets and total liabilities are SAR379.5M and SAR137.1M respectively. Watani Iron Steel's EBIT is SAR10.3M making its interest coverage ratio 1.5. It has cash and short-term investments of SAR9.5M.
Key information
37.6%
Debt to equity ratio
ر.س91.16m
Debt
| Interest coverage ratio | 1.5x |
| Cash | ر.س9.51m |
| Equity | ر.س242.44m |
| Total liabilities | ر.س137.11m |
| Total assets | ر.س379.55m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9513's short term assets (SAR77.3M) do not cover its short term liabilities (SAR131.0M).
Long Term Liabilities: 9513's short term assets (SAR77.3M) exceed its long term liabilities (SAR6.1M).
Debt to Equity History and Analysis
Debt Level: 9513's net debt to equity ratio (33.7%) is considered satisfactory.
Reducing Debt: 9513's debt to equity ratio has reduced from 177.2% to 37.6% over the past 5 years.
Debt Coverage: 9513's debt is well covered by operating cash flow (23.6%).
Interest Coverage: 9513's interest payments on its debt are not well covered by EBIT (1.5x coverage).