Misr Cement (Qena) Company (S.A.E)

CASE:MCQE Stock Report

Market Cap: ج.م1.5b

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 ratio1.4x
Cashج.م212.02m
Equityج.م1.94b
Total liabilitiesج.م2.77b
Total assetsج.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).


Balance Sheet


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