Aqaseem Factory for Chemicals and Plastics Balance Sheet Health
Financial Health criteria checks 3/6
Aqaseem Factory for Chemicals and Plastics has a total shareholder equity of SAR51.5M and total debt of SAR26.0M, which brings its debt-to-equity ratio to 50.4%. Its total assets and total liabilities are SAR117.8M and SAR66.3M respectively. Aqaseem Factory for Chemicals and Plastics's EBIT is SAR11.4M making its interest coverage ratio 8.4. It has cash and short-term investments of SAR5.1M.
Key information
50.4%
Debt to equity ratio
ر.س25.96m
Debt
| Interest coverage ratio | 8.4x |
| Cash | ر.س5.15m |
| Equity | ر.س51.54m |
| Total liabilities | ر.س66.30m |
| Total assets | ر.س117.84m |
Financial Position Analysis
Short Term Liabilities: 9539's short term assets (SAR100.9M) exceed its short term liabilities (SAR56.7M).
Long Term Liabilities: 9539's short term assets (SAR100.9M) exceed its long term liabilities (SAR9.6M).
Debt to Equity History and Analysis
Debt Level: 9539's net debt to equity ratio (40.4%) is considered high.
Reducing Debt: Insufficient data to determine if 9539's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 9539's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 9539's interest payments on its debt are well covered by EBIT (8.4x coverage).