Thimar Development Holding Company SJSC

Thimar Development Holding Company SJSC exhibits a capital structure with a debt-to-equity ratio of 1.09, indicating a moderate reliance on debt financing. The company's liquidity position is assessed as medium, with a current ratio of 0.78, suggesting that it may struggle to meet short-term obligations with its current assets. The negative net cash position after subtracting total debt further highlights liquidity constraints. Profitability metrics are sharply negative, with a return on equity of -1.18 and a return on assets of -0.2143. These figures indicate that the company is not generating returns for its shareholders or effectively utilizing its assets to generate profit. The operating income is significantly negative at -19,301,580 SAR, and the net income is also negative at -13,027,360 SAR, underscoring the company's financial distress. The company's revenue is concentrated through its subsidiary, Wasmi and Thimar Meat Company, which is engaged in meat production and distribution. There is no indication of geographic diversification in the provided data, suggesting that the company's exposure is primarily domestic. The lack of segmental or geographic breakdown in the financial data limits the ability to assess diversification risk. The company's growth trajectory is not clearly defined in the data provided. The operating cash flow is negative at -22,979,630 SAR, and the free cash flow is also negative at -12,020,420 SAR, indicating that the company is not generating sufficient cash to sustain operations or fund growth. The capital expenditure is minimal at -12,170 SAR, suggesting limited investment in long-term assets. The risk assessment indicates a medium liquidity risk and a low dilution risk. The company's negative net cash position after subtracting total debt is a key flag, suggesting potential challenges in maintaining financial stability. The dilution risk is assessed as low, with no immediate pressure for equity issuance. Recent events or filings are not detailed in the provided data, so there is no specific information on recent corporate actions or strategic developments. The company's financial performance and risk profile suggest a need for close monitoring of its liquidity and profitability trends.