Mulkia Gulf Real Estate REIT Balance Sheet Health
Financial Health criteria checks 1/6
Mulkia Gulf Real Estate REIT has a total shareholder equity of SAR790.8M and total debt of SAR477.0M, which brings its debt-to-equity ratio to 60.3%. Its total assets and total liabilities are SAR1.3B and SAR519.7M respectively. Mulkia Gulf Real Estate REIT's EBIT is SAR35.6M making its interest coverage ratio 0.9. It has cash and short-term investments of SAR14.6M.
Key information
60.3%
Debt to equity ratio
ر.س476.97m
Debt
Interest coverage ratio | 0.9x |
Cash | ر.س14.65m |
Equity | ر.س790.84m |
Total liabilities | ر.س519.74m |
Total assets | ر.س1.31b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4336's short term assets (SAR64.5M) exceed its short term liabilities (SAR41.8M).
Long Term Liabilities: 4336's short term assets (SAR64.5M) do not cover its long term liabilities (SAR478.0M).
Debt to Equity History and Analysis
Debt Level: 4336's net debt to equity ratio (58.5%) is considered high.
Reducing Debt: 4336's debt to equity ratio has increased from 25.4% to 60.3% over the past 5 years.
Debt Coverage: 4336's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 4336's interest payments on its debt are not well covered by EBIT (0.9x coverage).