Natural Gas Distribution Balance Sheet Health
Financial Health criteria checks 5/6
Natural Gas Distribution has a total shareholder equity of SAR56.3M and total debt of SAR8.7M, which brings its debt-to-equity ratio to 15.5%. Its total assets and total liabilities are SAR94.3M and SAR38.0M respectively. Natural Gas Distribution's EBIT is SAR4.2M making its interest coverage ratio -30.2. It has cash and short-term investments of SAR18.3M.
Key information
15.5%
Debt to equity ratio
ر.س8.71m
Debt
| Interest coverage ratio | -30.2x |
| Cash | ر.س18.30m |
| Equity | ر.س56.27m |
| Total liabilities | ر.س38.03m |
| Total assets | ر.س94.30m |
Recent financial health updates
No updates
Recent updates
Natural Gas Distribution (TADAWUL:9516) Has More To Do To Multiply In Value Going Forward
Apr 09
Slowing Rates Of Return At Natural Gas Distribution (TADAWUL:9516) Leave Little Room For Excitement
Oct 25Revenues Not Telling The Story For Natural Gas Distribution Company (TADAWUL:9516)
Jul 09Returns On Capital Signal Difficult Times Ahead For Natural Gas Distribution (TADAWUL:9516)
Feb 06Financial Position Analysis
Short Term Liabilities: 9516's short term assets (SAR33.0M) exceed its short term liabilities (SAR30.4M).
Long Term Liabilities: 9516's short term assets (SAR33.0M) exceed its long term liabilities (SAR7.6M).
Debt to Equity History and Analysis
Debt Level: 9516 has more cash than its total debt.
Reducing Debt: 9516's debt to equity ratio has increased from 3.9% to 15.5% over the past 5 years.
Debt Coverage: 9516's debt is well covered by operating cash flow (108%).
Interest Coverage: 9516 earns more interest than it pays, so coverage of interest payments is not a concern.