Raya Holding Company for Financial Investments (S.A.E) Financial Health

Short Term Liabilities: RAYA's short term assets (EGP15.7B) exceed its short term liabilities (EGP15.0B).

Long Term Liabilities: RAYA's short term assets (EGP15.7B) exceed its long term liabilities (EGP2.4B).

Debt Level: RAYA's net debt to equity ratio (361.1%) is considered high.

Reducing Debt: RAYA's debt to equity ratio has increased from 135.5% to 435.2% over the past 5 years.

Debt Coverage: RAYA's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: RAYA's interest payments on its debt are not well covered by EBIT (1.8x coverage).

• Healthy companies in the Capital Goods industry.