Misr Cement (Qena) Company (S.A.E) Balance Sheet Health
Financial Health criteria checks 4/6
Misr Cement (Qena) Company (S.A.E) has a total shareholder equity of EGP1.9B and total debt of EGP661.1M, which brings its debt-to-equity ratio to 34.2%. Its total assets and total liabilities are EGP4.7B and EGP2.8B respectively. Misr Cement (Qena) Company (S.A.E)'s EBIT is EGP304.7M making its interest coverage ratio 1.4. It has cash and short-term investments of EGP212.0M.
Key information
34.2%
Debt to equity ratio
ج.م661.14m
Debt
Interest coverage ratio | 1.4x |
Cash | ج.م212.02m |
Equity | ج.م1.94b |
Total liabilities | ج.م2.77b |
Total assets | ج.م4.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MCQE's short term assets (EGP1.9B) do not cover its short term liabilities (EGP2.3B).
Long Term Liabilities: MCQE's short term assets (EGP1.9B) exceed its long term liabilities (EGP486.9M).
Debt to Equity History and Analysis
Debt Level: MCQE's net debt to equity ratio (23.2%) is considered satisfactory.
Reducing Debt: MCQE's debt to equity ratio has reduced from 69.3% to 34.2% over the past 5 years.
Debt Coverage: MCQE's debt is well covered by operating cash flow (97.6%).
Interest Coverage: MCQE's interest payments on its debt are not well covered by EBIT (1.4x coverage).