Misr Chemical Industries Balance Sheet Health
Financial Health criteria checks 5/6
Misr Chemical Industries has a total shareholder equity of EGP1.1B and total debt of EGP296.0M, which brings its debt-to-equity ratio to 25.8%. Its total assets and total liabilities are EGP2.3B and EGP1.2B respectively. Misr Chemical Industries's EBIT is EGP536.0M making its interest coverage ratio -3.4. It has cash and short-term investments of EGP1.1B.
Key information
25.8%
Debt to equity ratio
ج.م296.01m
Debt
| Interest coverage ratio | -3.4x |
| Cash | ج.م1.08b |
| Equity | ج.م1.15b |
| Total liabilities | ج.م1.15b |
| Total assets | ج.م2.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MICH's short term assets (EGP1.6B) exceed its short term liabilities (EGP910.8M).
Long Term Liabilities: MICH's short term assets (EGP1.6B) exceed its long term liabilities (EGP239.3M).
Debt to Equity History and Analysis
Debt Level: MICH has more cash than its total debt.
Reducing Debt: MICH's debt to equity ratio has increased from 0% to 25.8% over the past 5 years.
Debt Coverage: MICH's debt is well covered by operating cash flow (149.3%).
Interest Coverage: MICH earns more interest than it pays, so coverage of interest payments is not a concern.