Obour Land for Food IndustriesE Balance Sheet Health
Financial Health criteria checks 3/6
Obour Land for Food IndustriesE has a total shareholder equity of EGP1.1B and total debt of EGP2.0B, which brings its debt-to-equity ratio to 182.4%. Its total assets and total liabilities are EGP3.9B and EGP2.8B respectively. Obour Land for Food IndustriesE's EBIT is EGP2.0B making its interest coverage ratio 9. It has cash and short-term investments of EGP523.1M.
Key information
182.4%
Debt to equity ratio
ج.م2.02b
Debt
Interest coverage ratio | 9x |
Cash | ج.م523.10m |
Equity | ج.م1.11b |
Total liabilities | ج.م2.78b |
Total assets | ج.م3.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OLFI's short term assets (EGP3.2B) exceed its short term liabilities (EGP2.7B).
Long Term Liabilities: OLFI's short term assets (EGP3.2B) exceed its long term liabilities (EGP31.8M).
Debt to Equity History and Analysis
Debt Level: OLFI's net debt to equity ratio (135.2%) is considered high.
Reducing Debt: OLFI's debt to equity ratio has increased from 50.4% to 182.4% over the past 5 years.
Debt Coverage: OLFI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: OLFI's interest payments on its debt are well covered by EBIT (9x coverage).