Riyadh Steel Balance Sheet Health

Financial Health criteria checks 4/6

Riyadh Steel has a total shareholder equity of SAR74.9M and total debt of SAR18.8M, which brings its debt-to-equity ratio to 25%. Its total assets and total liabilities are SAR125.7M and SAR50.7M respectively. Riyadh Steel's EBIT is SAR11.2M making its interest coverage ratio 46.2. It has cash and short-term investments of SAR19.3M.

Key information

25.0%

Debt to equity ratio

ر.س18.75m

Debt

Interest coverage ratio	46.2x
Cash	ر.س19.34m
Equity	ر.س74.93m
Total liabilities	ر.س50.72m
Total assets	ر.س125.65m

Recent financial health updates

No updates

Recent updates

Do Riyadh Steel's (TADAWUL:9588) Earnings Warrant Your Attention?

Dec 13

Why Investors Shouldn't Be Surprised By Riyadh Steel Company's (TADAWUL:9588) 91% Share Price Plunge

Sep 26

Revenues Working Against Riyadh Steel Company's (TADAWUL:9588) Share Price Following 91% Dive

Sep 26

Financial Position Analysis

Short Term Liabilities: 9588's short term assets (SAR93.1M) exceed its short term liabilities (SAR26.1M).

Long Term Liabilities: 9588's short term assets (SAR93.1M) exceed its long term liabilities (SAR24.6M).

Debt to Equity History and Analysis

Debt Level: 9588 has more cash than its total debt.

Reducing Debt: Insufficient data to determine if 9588's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 9588's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 9588's interest payments on its debt are well covered by EBIT (46.2x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 11:54
End of Day Share Price	2024/12/19 00:00
Earnings	2023/12/31
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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Industry and Sector Metrics

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Analyst Sources

Riyadh Steel Company is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution