Theeb Rent A Car Balance Sheet Health
Financial Health criteria checks 1/6
Theeb Rent A Car has a total shareholder equity of SAR729.7M and total debt of SAR1.1B, which brings its debt-to-equity ratio to 154.3%. Its total assets and total liabilities are SAR2.2B and SAR1.5B respectively. Theeb Rent A Car's EBIT is SAR204.1M making its interest coverage ratio 3.4. It has cash and short-term investments of SAR52.0M.
Key information
154.3%
Debt to equity ratio
ر.س1.13b
Debt
| Interest coverage ratio | 3.4x |
| Cash | ر.س52.01m |
| Equity | ر.س729.68m |
| Total liabilities | ر.س1.51b |
| Total assets | ر.س2.24b |
Recent financial health updates
No updates
Recent updates
Insufficient Growth At Theeb Rent A Car Company (TADAWUL:4261) Hampers Share Price
Feb 08
Theeb Rent A Car (TADAWUL:4261) Is Investing Its Capital With Increasing Efficiency
Nov 14Here's Why We Think Theeb Rent A Car (TADAWUL:4261) Is Well Worth Watching
Sep 08The Returns At Theeb Rent A Car (TADAWUL:4261) Aren't Growing
Jul 07We Ran A Stock Scan For Earnings Growth And Theeb Rent A Car (TADAWUL:4261) Passed With Ease
Jun 08Theeb Rent A Car (TADAWUL:4261) Is Increasing Its Dividend To SAR0.59
Apr 01Not Many Are Piling Into Theeb Rent A Car Company (TADAWUL:4261) Just Yet
Mar 06Calculating The Fair Value Of Theeb Rent A Car Company (TADAWUL:4261)
Sep 22Theeb Rent A Car's (TADAWUL:4261) Earnings Are Weaker Than They Seem
Aug 22Theeb Rent A Car (TADAWUL:4261) Has More To Do To Multiply In Value Going Forward
May 16Financial Position Analysis
Short Term Liabilities: 4261's short term assets (SAR469.6M) do not cover its short term liabilities (SAR859.9M).
Long Term Liabilities: 4261's short term assets (SAR469.6M) do not cover its long term liabilities (SAR649.3M).
Debt to Equity History and Analysis
Debt Level: 4261's net debt to equity ratio (147.1%) is considered high.
Reducing Debt: 4261's debt to equity ratio has increased from 93.5% to 154.3% over the past 5 years.
Debt Coverage: 4261's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 4261's interest payments on its debt are well covered by EBIT (3.4x coverage).