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 EGP2.0B and total debt of EGP1.0B, which brings its debt-to-equity ratio to 51.1%. Its total assets and total liabilities are EGP4.9B and EGP2.9B respectively. Misr Cement (Qena) Company (S.A.E)'s EBIT is EGP364.0M making its interest coverage ratio 1.8. It has cash and short-term investments of EGP155.5M.
Key information
51.1%
Debt to equity ratio
ج.م1.01b
Debt
Interest coverage ratio | 1.8x |
Cash | ج.م155.51m |
Equity | ج.م1.97b |
Total liabilities | ج.م2.93b |
Total assets | ج.م4.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MCQE's short term assets (EGP2.1B) exceed its short term liabilities (EGP2.0B).
Long Term Liabilities: MCQE's short term assets (EGP2.1B) exceed its long term liabilities (EGP958.3M).
Debt to Equity History and Analysis
Debt Level: MCQE's net debt to equity ratio (43.2%) is considered high.
Reducing Debt: MCQE's debt to equity ratio has reduced from 68.8% to 51.1% over the past 5 years.
Debt Coverage: MCQE's debt is well covered by operating cash flow (29.7%).
Interest Coverage: MCQE's interest payments on its debt are not well covered by EBIT (1.8x coverage).