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
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).