Egyptian Chemical Industries Balance Sheet Health
Financial Health criteria checks 3/6
Egyptian Chemical Industries has a total shareholder equity of EGP9.3B and total debt of EGP9.2B, which brings its debt-to-equity ratio to 99.1%. Its total assets and total liabilities are EGP21.6B and EGP12.3B respectively. Egyptian Chemical Industries's EBIT is EGP1.9B making its interest coverage ratio 2.8. It has cash and short-term investments of EGP478.1M.
Key information
99.1%
Debt to equity ratio
ج.م9.18b
Debt
| Interest coverage ratio | 2.8x |
| Cash | ج.م478.14m |
| Equity | ج.م9.27b |
| Total liabilities | ج.م12.32b |
| Total assets | ج.م21.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EGCH's short term assets (EGP3.0B) exceed its short term liabilities (EGP1.7B).
Long Term Liabilities: EGCH's short term assets (EGP3.0B) do not cover its long term liabilities (EGP10.6B).
Debt to Equity History and Analysis
Debt Level: EGCH's net debt to equity ratio (93.9%) is considered high.
Reducing Debt: EGCH's debt to equity ratio has reduced from 112% to 99.1% over the past 5 years.
Debt Coverage: EGCH's debt is well covered by operating cash flow (30.6%).
Interest Coverage: EGCH's interest payments on its debt are not well covered by EBIT (2.8x coverage).