Electro Cable Egypt Balance Sheet Health
Financial Health criteria checks 3/6
Electro Cable Egypt has a total shareholder equity of EGP2.7B and total debt of EGP4.1B, which brings its debt-to-equity ratio to 149.5%. Its total assets and total liabilities are EGP8.9B and EGP6.2B respectively. Electro Cable Egypt's EBIT is EGP2.3B making its interest coverage ratio 3.9. It has cash and short-term investments of EGP1.3B.
Key information
149.5%
Debt to equity ratio
ج.م4.08b
Debt
Interest coverage ratio | 3.9x |
Cash | ج.م1.27b |
Equity | ج.م2.73b |
Total liabilities | ج.م6.17b |
Total assets | ج.م8.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ELEC's short term assets (EGP7.6B) exceed its short term liabilities (EGP5.7B).
Long Term Liabilities: ELEC's short term assets (EGP7.6B) exceed its long term liabilities (EGP437.4M).
Debt to Equity History and Analysis
Debt Level: ELEC's net debt to equity ratio (103%) is considered high.
Reducing Debt: ELEC's debt to equity ratio has increased from 62.8% to 149.5% over the past 5 years.
Debt Coverage: ELEC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ELEC's interest payments on its debt are well covered by EBIT (3.9x coverage).