88
89
Annual Report 2018
Solvency 2014-2018
Operating Revenue
2018
2017
2016
2015
2014
(SAR “000”)
3,692,550 3,726,244 4,797,713 5,764,525 2,152,259
Oil transportation
7.00 6.00 5.00 4.00 3.00 2.00 1.00 0.00
872,174
805,270
774,148 931,772 271,156 98,748
774,610 848,426 114,559
802,922 550,392 120,839
Chemical transportation
1,158,022 1,137,955
Logistics
387,389 19,775
362,297 14,069
Dry bulk transportation Headquarters and Others Total Operating Revenue
-
-
6,129,910 6,045,835 6,788,484 7,502,120 3,626,412
Gross profit 2014-2018
2,500,000
2014
2015
2016
2017
2018
2,000,000
Debt/Equity
Net Debt/EBITDA
Solvency Ratio
1,500,000
2014 – 2018 Solvency 2018 2017
2016 0.96 2.65 1.89
2015 0.83 2.31 1.55
2014 1.00 6.08 0.39
1,000,000
1.04 5.07 1.60
1.03 4.20 1.78
Debt to Equity Ratio (D/E)
Net Debt/Profit Margin Before Depreciation and Financing and Zakat Costs
500,000
Solvency Ratio
0.00
The above financial indicators reflect Bahri’s strong and robust financial position where debt to equity ratio is low, giving the Company the required capacity to obtain further
strategic loans to finance investment opportunities and implement its expansion plans. The positive financial ratios also emphasize the high liquidity and
solvency by the Company, enabling it to meet its short and long-term financial obligations and attract necessary financing to execute its strategic and expansion strategies.
2014
2015
2016
2017
2018
Oil transportation
Total Operating Revenue Chemical transportation
Logistics
Dry bulk transportation
Headquarters and Others
Operating Segments - Operating Revenue 2014-2018
Gross profit 2014 – 2018
2018
2017
2016
2015
2014
(SAR “000”)
8,000,000
813,618 135,181 242,281 37,821 11,333
780,445 137,823 345,321 46,998 10,094
1,387,926 1,746,737
448,540 148,962 22,968 53,756
Oil transportation
167,347 277,573 45,790 13,695
212,980 185,032 51,770
Chemical transportation
Logistics
6,000,000
Dry bulk transportation Headquarters and Others
-
-
4,000,000
1,240,234 1,320,681 1,892,331 2,196,519
674,226
Total Gross profit
2,000,000
0.00
2014
2015
2016
2017
2018
Oil transportation
Total Operating Revenue Chemical transportation
Logistics
Dry bulk transportation
Headquarters and Others
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