Red Sea International Balance Sheet Health
Financial Health criteria checks 3/6
Red Sea International has a total shareholder equity of SAR327.9M and total debt of SAR408.7M, which brings its debt-to-equity ratio to 124.6%. Its total assets and total liabilities are SAR2.5B and SAR2.2B respectively. Red Sea International's EBIT is SAR59.4M making its interest coverage ratio 3.9. It has cash and short-term investments of SAR157.6M.
Key information
124.6%
Debt to equity ratio
ر.س408.65m
Debt
Interest coverage ratio | 3.9x |
Cash | ر.س157.64m |
Equity | ر.س327.88m |
Total liabilities | ر.س2.15b |
Total assets | ر.س2.48b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4230's short term assets (SAR1.4B) do not cover its short term liabilities (SAR1.8B).
Long Term Liabilities: 4230's short term assets (SAR1.4B) exceed its long term liabilities (SAR337.0M).
Debt to Equity History and Analysis
Debt Level: 4230's net debt to equity ratio (76.6%) is considered high.
Reducing Debt: 4230's debt to equity ratio has increased from 32.2% to 124.6% 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 35.7% per year.