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 EGP971.2M, which brings its debt-to-equity ratio to 50.6%. Its total assets and total liabilities are EGP5.1B and EGP3.1B respectively. Misr Cement (Qena) Company (S.A.E)'s EBIT is EGP320.8M making its interest coverage ratio 1.4. It has cash and short-term investments of EGP233.9M.
Key information
50.6%
Debt to equity ratio
ج.م971.19m
Debt
| Interest coverage ratio | 1.4x |
| Cash | ج.م233.89m |
| Equity | ج.م1.92b |
| Total liabilities | ج.م3.14b |
| Total assets | ج.م5.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MCQE's short term assets (EGP2.3B) do not cover its short term liabilities (EGP2.5B).
Long Term Liabilities: MCQE's short term assets (EGP2.3B) exceed its long term liabilities (EGP673.9M).
Debt to Equity History and Analysis
Debt Level: MCQE's net debt to equity ratio (38.4%) is considered satisfactory.
Reducing Debt: MCQE's debt to equity ratio has reduced from 67.2% to 50.6% over the past 5 years.
Debt Coverage: MCQE's debt is well covered by operating cash flow (61.3%).
Interest Coverage: MCQE's interest payments on its debt are not well covered by EBIT (1.4x coverage).