Al Rajhi REIT Fund Balance Sheet Health
Financial Health criteria checks 2/6
Al Rajhi REIT Fund has a total shareholder equity of SAR2.2B and total debt of SAR896.4M, which brings its debt-to-equity ratio to 40.5%. Its total assets and total liabilities are SAR3.1B and SAR922.3M respectively. Al Rajhi REIT Fund's EBIT is SAR133.4M making its interest coverage ratio 2.6. It has cash and short-term investments of SAR58.8M.
Key information
40.5%
Debt to equity ratio
ر.س896.40m
Debt
Interest coverage ratio | 2.6x |
Cash | ر.س58.84m |
Equity | ر.س2.21b |
Total liabilities | ر.س922.32m |
Total assets | ر.س3.14b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4340's short term assets (SAR123.7M) exceed its short term liabilities (SAR25.9M).
Long Term Liabilities: 4340's short term assets (SAR123.7M) do not cover its long term liabilities (SAR896.4M).
Debt to Equity History and Analysis
Debt Level: 4340's net debt to equity ratio (37.8%) is considered satisfactory.
Reducing Debt: 4340's debt to equity ratio has increased from 36.5% to 40.5% over the past 5 years.
Debt Coverage: 4340's debt is not well covered by operating cash flow (9.6%).
Interest Coverage: 4340's interest payments on its debt are not well covered by EBIT (2.6x coverage).