Raya Holding Company for Financial Investments (S.A.E) Balance Sheet Health
Financial Health criteria checks 4/6
Raya Holding Company for Financial Investments (S.A.E) has a total shareholder equity of EGP4.3B and total debt of EGP13.9B, which brings its debt-to-equity ratio to 325.7%. Its total assets and total liabilities are EGP36.7B and EGP32.5B respectively. Raya Holding Company for Financial Investments (S.A.E)'s EBIT is EGP3.6B making its interest coverage ratio 2.3. It has cash and short-term investments of EGP2.9B.
Key information
325.7%
Debt to equity ratio
ج.م13.86b
Debt
| Interest coverage ratio | 2.3x |
| Cash | ج.م2.92b |
| Equity | ج.م4.25b |
| Total liabilities | ج.م32.48b |
| Total assets | ج.م36.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RAYA's short term assets (EGP31.6B) exceed its short term liabilities (EGP28.2B).
Long Term Liabilities: RAYA's short term assets (EGP31.6B) exceed its long term liabilities (EGP4.2B).
Debt to Equity History and Analysis
Debt Level: RAYA's net debt to equity ratio (257.1%) is considered high.
Reducing Debt: RAYA's debt to equity ratio has reduced from 340.4% to 325.7% over the past 5 years.
Debt Coverage: RAYA's debt is well covered by operating cash flow (25.4%).
Interest Coverage: RAYA's interest payments on its debt are not well covered by EBIT (2.3x coverage).