DAR ALMARKABAH For Renting Cars Balance Sheet Health
Financial Health criteria checks 5/6
DAR ALMARKABAH For Renting Cars has a total shareholder equity of SAR32.8M and total debt of SAR5.5M, which brings its debt-to-equity ratio to 16.7%. Its total assets and total liabilities are SAR72.7M and SAR40.0M respectively. DAR ALMARKABAH For Renting Cars's EBIT is SAR5.3M making its interest coverage ratio 3.3. It has cash and short-term investments of SAR512.6K.
Key information
16.7%
Debt to equity ratio
ر.س5.46m
Debt
Interest coverage ratio | 3.3x |
Cash | ر.س512.65k |
Equity | ر.س32.77m |
Total liabilities | ر.س39.95m |
Total assets | ر.س72.72m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9577's short term assets (SAR36.2M) exceed its short term liabilities (SAR27.8M).
Long Term Liabilities: 9577's short term assets (SAR36.2M) exceed its long term liabilities (SAR12.1M).
Debt to Equity History and Analysis
Debt Level: 9577's net debt to equity ratio (15.1%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 9577's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 9577's debt is well covered by operating cash flow (179.4%).
Interest Coverage: 9577's interest payments on its debt are well covered by EBIT (3.3x coverage).