Purity for Information Technology Balance Sheet Health
Financial Health criteria checks 4/6
Purity for Information Technology has a total shareholder equity of SAR16.1M and total debt of SAR8.6M, which brings its debt-to-equity ratio to 53.3%. Its total assets and total liabilities are SAR35.3M and SAR19.2M respectively. Purity for Information Technology's EBIT is SAR5.5M making its interest coverage ratio 6.9. It has cash and short-term investments of SAR2.6M.
Key information
53.3%
Debt to equity ratio
ر.س8.56m
Debt
| Interest coverage ratio | 6.9x |
| Cash | ر.س2.56m |
| Equity | ر.س16.07m |
| Total liabilities | ر.س19.22m |
| Total assets | ر.س35.29m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9614's short term assets (SAR32.9M) exceed its short term liabilities (SAR18.7M).
Long Term Liabilities: 9614's short term assets (SAR32.9M) exceed its long term liabilities (SAR506.4K).
Debt to Equity History and Analysis
Debt Level: 9614's net debt to equity ratio (37.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 9614's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 9614's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 9614's interest payments on its debt are well covered by EBIT (6.9x coverage).