Arabia Cotton Ginning Balance Sheet Health
Financial Health criteria checks 5/6
Arabia Cotton Ginning has a total shareholder equity of EGP2.3B and total debt of EGP765.8M, which brings its debt-to-equity ratio to 33.4%. Its total assets and total liabilities are EGP3.7B and EGP1.4B respectively. Arabia Cotton Ginning's EBIT is EGP410.6M making its interest coverage ratio 6.7. It has cash and short-term investments of EGP503.8M.
Key information
33.4%
Debt to equity ratio
ج.م765.85m
Debt
Interest coverage ratio | 6.7x |
Cash | ج.م503.85m |
Equity | ج.م2.29b |
Total liabilities | ج.م1.42b |
Total assets | ج.م3.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ACGC's short term assets (EGP2.0B) exceed its short term liabilities (EGP1.3B).
Long Term Liabilities: ACGC's short term assets (EGP2.0B) exceed its long term liabilities (EGP167.4M).
Debt to Equity History and Analysis
Debt Level: ACGC's net debt to equity ratio (11.4%) is considered satisfactory.
Reducing Debt: ACGC's debt to equity ratio has reduced from 42% to 33.4% over the past 5 years.
Debt Coverage: ACGC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ACGC's interest payments on its debt are well covered by EBIT (6.7x coverage).