Obour Land for Food IndustriesE Balance Sheet Health
Financial Health criteria checks 5/6
Obour Land for Food IndustriesE has a total shareholder equity of EGP962.7M and total debt of EGP750.3M, which brings its debt-to-equity ratio to 77.9%. Its total assets and total liabilities are EGP2.2B and EGP1.3B respectively. Obour Land for Food IndustriesE's EBIT is EGP943.4M making its interest coverage ratio 9.5. It has cash and short-term investments of EGP472.3M.
Debt to equity ratio
|Interest coverage ratio
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: OLFI's short term assets (EGP1.6B) exceed its short term liabilities (EGP1.3B).
Long Term Liabilities: OLFI's short term assets (EGP1.6B) exceed its long term liabilities (EGP27.3M).
Debt to Equity History and Analysis
Debt Level: OLFI's net debt to equity ratio (28.9%) is considered satisfactory.
Reducing Debt: OLFI's debt to equity ratio has increased from 49.2% to 77.9% over the past 5 years.
Debt Coverage: OLFI's debt is well covered by operating cash flow (32.2%).
Interest Coverage: OLFI's interest payments on its debt are well covered by EBIT (9.5x coverage).