Middle East Glass Manufacturing CompanyE Balance Sheet Health
Financial Health criteria checks 4/6
Middle East Glass Manufacturing CompanyE has a total shareholder equity of EGP1.6B and total debt of EGP3.6B, which brings its debt-to-equity ratio to 227.2%. Its total assets and total liabilities are EGP7.2B and EGP5.6B respectively. Middle East Glass Manufacturing CompanyE's EBIT is EGP1.8B making its interest coverage ratio 4.9. It has cash and short-term investments of EGP1.2B.
Key information
227.2%
Debt to equity ratio
ج.م3.56b
Debt
| Interest coverage ratio | 4.9x |
| Cash | ج.م1.22b |
| Equity | ج.م1.56b |
| Total liabilities | ج.م5.64b |
| Total assets | ج.م7.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MEGM's short term assets (EGP4.1B) exceed its short term liabilities (EGP3.6B).
Long Term Liabilities: MEGM's short term assets (EGP4.1B) exceed its long term liabilities (EGP2.0B).
Debt to Equity History and Analysis
Debt Level: MEGM's net debt to equity ratio (149.1%) is considered high.
Reducing Debt: MEGM's debt to equity ratio has increased from 224.3% to 227.2% over the past 5 years.
Debt Coverage: MEGM's debt is well covered by operating cash flow (35.6%).
Interest Coverage: MEGM's interest payments on its debt are well covered by EBIT (4.9x coverage).