Obour Land for Food IndustriesE Balance Sheet Health
Financial Health criteria checks 4/6
Obour Land for Food IndustriesE has a total shareholder equity of EGP1.1B and total debt of EGP975.2M, which brings its debt-to-equity ratio to 86.6%. Its total assets and total liabilities are EGP2.6B and EGP1.5B respectively. Obour Land for Food IndustriesE's EBIT is EGP1.7B making its interest coverage ratio 13.4. It has cash and short-term investments of EGP735.4M.
Key information
86.6%
Debt to equity ratio
ج.م975.24m
Debt
| Interest coverage ratio | 13.4x |
| Cash | ج.م735.37m |
| Equity | ج.م1.13b |
| Total liabilities | ج.م1.46b |
| Total assets | ج.م2.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OLFI's short term assets (EGP1.9B) exceed its short term liabilities (EGP1.4B).
Long Term Liabilities: OLFI's short term assets (EGP1.9B) exceed its long term liabilities (EGP34.7M).
Debt to Equity History and Analysis
Debt Level: OLFI's net debt to equity ratio (21.3%) is considered satisfactory.
Reducing Debt: OLFI's debt to equity ratio has increased from 36.5% to 86.6% over the past 5 years.
Debt Coverage: OLFI's debt is not well covered by operating cash flow (8.6%).
Interest Coverage: OLFI's interest payments on its debt are well covered by EBIT (13.4x coverage).