Egypt Aluminum Balance Sheet Health
Financial Health criteria checks 5/6
Egypt Aluminum has a total shareholder equity of EGP9.7B and total debt of EGP4.2B, which brings its debt-to-equity ratio to 42.9%. Its total assets and total liabilities are EGP19.2B and EGP9.5B respectively. Egypt Aluminum's EBIT is EGP8.7B making its interest coverage ratio -57.9. It has cash and short-term investments of EGP3.8B.
Key information
42.9%
Debt to equity ratio
ج.م4.15b
Debt
Interest coverage ratio | -57.9x |
Cash | ج.م3.84b |
Equity | ج.م9.68b |
Total liabilities | ج.م9.55b |
Total assets | ج.م19.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EGAL's short term assets (EGP16.2B) exceed its short term liabilities (EGP9.4B).
Long Term Liabilities: EGAL's short term assets (EGP16.2B) exceed its long term liabilities (EGP191.8M).
Debt to Equity History and Analysis
Debt Level: EGAL's net debt to equity ratio (3.2%) is considered satisfactory.
Reducing Debt: EGAL's debt to equity ratio has increased from 9.2% to 42.9% over the past 5 years.
Debt Coverage: EGAL's debt is well covered by operating cash flow (124.2%).
Interest Coverage: EGAL earns more interest than it pays, so coverage of interest payments is not a concern.