Watani Iron Steel Balance Sheet Health
Financial Health criteria checks 4/6
Watani Iron Steel has a total shareholder equity of SAR245.8M and total debt of SAR69.3M, which brings its debt-to-equity ratio to 28.2%. Its total assets and total liabilities are SAR367.5M and SAR121.6M respectively. Watani Iron Steel's EBIT is SAR12.2M making its interest coverage ratio 1.8. It has cash and short-term investments of SAR9.8M.
Key information
28.2%
Debt to equity ratio
ر.س69.32m
Debt
| Interest coverage ratio | 1.8x |
| Cash | ر.س9.84m |
| Equity | ر.س245.85m |
| Total liabilities | ر.س121.64m |
| Total assets | ر.س367.49m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9513's short term assets (SAR72.2M) do not cover its short term liabilities (SAR115.0M).
Long Term Liabilities: 9513's short term assets (SAR72.2M) exceed its long term liabilities (SAR6.7M).
Debt to Equity History and Analysis
Debt Level: 9513's net debt to equity ratio (24.2%) is considered satisfactory.
Reducing Debt: 9513's debt to equity ratio has reduced from 159.2% to 28.2% over the past 5 years.
Debt Coverage: 9513's debt is well covered by operating cash flow (68.1%).
Interest Coverage: 9513's interest payments on its debt are not well covered by EBIT (1.8x coverage).