Red Sea International Balance Sheet Health
Financial Health criteria checks 3/6
Red Sea International has a total shareholder equity of SAR499.4M and total debt of SAR454.3M, which brings its debt-to-equity ratio to 91%. Its total assets and total liabilities are SAR2.8B and SAR2.3B respectively. Red Sea International's EBIT is SAR144.7M making its interest coverage ratio 4.1. It has cash and short-term investments of SAR214.1M.
Key information
91.0%
Debt to equity ratio
ر.س454.32m
Debt
| Interest coverage ratio | 4.1x |
| Cash | ر.س214.11m |
| Equity | ر.س499.38m |
| Total liabilities | ر.س2.34b |
| Total assets | ر.س2.84b |
Recent financial health updates
No updates
Recent updates
Red Sea International Company (TADAWUL:4230) Stock Rockets 29% But Many Are Still Ignoring The Company
Oct 12
Red Sea International's (TADAWUL:4230) Earnings Are Of Questionable Quality
Aug 22The Market Lifts Red Sea International Company (TADAWUL:4230) Shares 29% But It Can Do More
Aug 21Revenues Working Against Red Sea International Company's (TADAWUL:4230) Share Price
Mar 28Red Sea International (TADAWUL:4230) Shareholders Have Enjoyed A 63% Share Price Gain
Jan 15Financial Position Analysis
Short Term Liabilities: 4230's short term assets (SAR1.6B) do not cover its short term liabilities (SAR2.0B).
Long Term Liabilities: 4230's short term assets (SAR1.6B) exceed its long term liabilities (SAR330.4M).
Debt to Equity History and Analysis
Debt Level: 4230's net debt to equity ratio (48.1%) is considered high.
Reducing Debt: 4230's debt to equity ratio has increased from 33.5% to 91% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 4230 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 4230 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 36.8% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 05:19 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| 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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Red Sea International Company is covered by 2 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 |
|---|---|
| Mohammad Kamal | Arqaam Capital Research Offshore S.A.L. |
| Eyad Faraj | Goldman Sachs |