Electro Cable Egypt Balance Sheet Health
Financial Health criteria checks 2/6
Electro Cable Egypt has a total shareholder equity of EGP3.6B and total debt of EGP7.2B, which brings its debt-to-equity ratio to 199.6%. Its total assets and total liabilities are EGP14.0B and EGP10.4B respectively. Electro Cable Egypt's EBIT is EGP3.5B making its interest coverage ratio 2.5. It has cash and short-term investments of EGP722.1M.
Key information
199.6%
Debt to equity ratio
ج.م7.24b
Debt
| Interest coverage ratio | 2.5x |
| Cash | ج.م722.09m |
| Equity | ج.م3.63b |
| Total liabilities | ج.م10.37b |
| Total assets | ج.م14.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ELEC's short term assets (EGP12.4B) exceed its short term liabilities (EGP10.0B).
Long Term Liabilities: ELEC's short term assets (EGP12.4B) exceed its long term liabilities (EGP384.9M).
Debt to Equity History and Analysis
Debt Level: ELEC's net debt to equity ratio (179.7%) is considered high.
Reducing Debt: ELEC's debt to equity ratio has increased from 40.8% to 199.6% 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 not well covered by EBIT (2.5x coverage).