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 ratio | 5.3x |
Cash | ج.م1.03b |
Equity | ج.م1.44b |
Total liabilities | ج.م4.08b |
Total assets | ج.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).