Al Maather Reit Fund Balance Sheet Health
Financial Health criteria checks 3/6
Al Maather Reit Fund has a total shareholder equity of SAR513.7M and total debt of SAR196.6M, which brings its debt-to-equity ratio to 38.3%. Its total assets and total liabilities are SAR748.9M and SAR235.3M respectively. Al Maather Reit Fund's EBIT is SAR29.6M making its interest coverage ratio 4.5. It has cash and short-term investments of SAR40.1M.
Key information
38.3%
Debt to equity ratio
ر.س196.57m
Debt
| Interest coverage ratio | 4.5x |
| Cash | ر.س40.08m |
| Equity | ر.س513.66m |
| Total liabilities | ر.س235.27m |
| Total assets | ر.س748.93m |
Financial Position Analysis
Short Term Liabilities: 4334's short term assets (SAR55.2M) do not cover its short term liabilities (SAR57.9M).
Long Term Liabilities: 4334's short term assets (SAR55.2M) do not cover its long term liabilities (SAR177.4M).
Debt to Equity History and Analysis
Debt Level: 4334's net debt to equity ratio (30.5%) is considered satisfactory.
Reducing Debt: 4334's debt to equity ratio has increased from 0% to 38.3% over the past 5 years.
Debt Coverage: 4334's debt is well covered by operating cash flow (21.9%).
Interest Coverage: 4334's interest payments on its debt are well covered by EBIT (4.5x coverage).