Musharaka REIT Fund Balance Sheet Health
Financial Health criteria checks 1/6
Musharaka REIT Fund has a total shareholder equity of SAR761.4M and total debt of SAR662.7M, which brings its debt-to-equity ratio to 87%. Its total assets and total liabilities are SAR1.6B and SAR844.6M respectively. Musharaka REIT Fund's EBIT is SAR37.5M making its interest coverage ratio 0.7. It has cash and short-term investments of SAR45.1M.
Key information
87.0%
Debt to equity ratio
ر.س662.67m
Debt
| Interest coverage ratio | 0.7x |
| Cash | ر.س45.13m |
| Equity | ر.س761.40m |
| Total liabilities | ر.س844.59m |
| Total assets | ر.س1.61b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4335's short term assets (SAR304.8M) exceed its short term liabilities (SAR63.9M).
Long Term Liabilities: 4335's short term assets (SAR304.8M) do not cover its long term liabilities (SAR780.7M).
Debt to Equity History and Analysis
Debt Level: 4335's net debt to equity ratio (81.1%) is considered high.
Reducing Debt: 4335's debt to equity ratio has increased from 28.2% to 87% over the past 5 years.
Debt Coverage: 4335's debt is not well covered by operating cash flow (1.1%).
Interest Coverage: 4335's interest payments on its debt are not well covered by EBIT (0.7x coverage).