6 Bahri Finance Division Annual Report 2017 112
113
Graph 3 – Solvency
Graph 4 – Operating Revenue
Solvency
7,000 0,000 1,000 2,000 3,000 4,000 5,000 6,000
Sectoral Data
8,000,000
6,000,000
4,000,000
2,000,000
2013
2014
2015
2016
2017
Solvency Ratio
Net Debt/Profit Margin Before Depreciation and Financing and Zakat Costs
Debt to Equity Ratio (D/E)
0
2013
2014
2015
2016
2017
Logistics Unit
Chemicals Unit
Crude Oil Unit Dry Bulk Unit
Solvency
Total Operating Revenue
Headquarters and Others
2017
2016
2015
2014
2013
Debt to Equity Ratio (D/E) Net Debt/Profit Margin before depreciation and financing and Zakat costs
Operating Revenue
X
1.03
0.96
0.83
1.00
0.85
(SAR “000”)
2017
2016
2015
2014
2013
X
4.20
2.65
2.31
6.08
3.70
3,726,244
Oil Transportation Chemicals Unit
4,797,713
5,764,525
2,152,259
1,506,756
805,270
774,148 931,772 271,156
774,610 848,426 114,558
802,922 550,392 120,839
663,874 562,162 113,906
X
Solvency Ratio
1.80
1.89
1.55
0.39
1.05
1,136,967
Logistics Unit
The above financial indicators reflect the strong and robust financial position of the Company 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 enjoyed 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.
362,297 107,018
Dry bulk Transportation
Headquarters and Others
98,748
N/A
N/A
N/A
6,045,835 6,788,484 7,502,120 3,626,412 2,846,698
Total Operating Revenue
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