Middle East Glass Manufacturing Company S.A.E.

CASE:MEGM Stock Report

Market Cap: ج.م785.4m

Middle East Glass Manufacturing CompanyE Balance Sheet Health

Financial Health criteria checks 5/6

Middle East Glass Manufacturing CompanyE has a total shareholder equity of EGP1.4B and total debt of EGP2.7B, which brings its debt-to-equity ratio to 188.2%. Its total assets and total liabilities are EGP5.5B and EGP4.1B respectively. Middle East Glass Manufacturing CompanyE's EBIT is EGP1.6B making its interest coverage ratio 5.3. It has cash and short-term investments of EGP1.0B.

Key information

188.2%

Debt to equity ratio

ج.م2.71b

Debt

Interest coverage ratio5.3x
Cashج.م1.03b
Equityج.م1.44b
Total liabilitiesج.م4.08b
Total assetsج.م5.52b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: MEGM's short term assets (EGP3.0B) exceed its short term liabilities (EGP2.5B).

Long Term Liabilities: MEGM's short term assets (EGP3.0B) exceed its long term liabilities (EGP1.6B).


Debt to Equity History and Analysis

Debt Level: MEGM's net debt to equity ratio (116.8%) is considered high.

Reducing Debt: MEGM's debt to equity ratio has reduced from 343.7% to 188.2% over the past 5 years.

Debt Coverage: MEGM's debt is well covered by operating cash flow (41.9%).

Interest Coverage: MEGM's interest payments on its debt are well covered by EBIT (5.3x coverage).


Balance Sheet


Discover healthy companies

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.