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 EGP182.9M, which brings its debt-to-equity ratio to 16.4%. Its total assets and total liabilities are EGP1.6B and EGP460.1M respectively. Misr Chemical Industries's EBIT is EGP524.8M making its interest coverage ratio -4.3. It has cash and short-term investments of EGP810.4M.
Key information
16.4%
Debt to equity ratio
ج.م182.92m
Debt
Interest coverage ratio | -4.3x |
Cash | ج.م810.45m |
Equity | ج.م1.11b |
Total liabilities | ج.م460.13m |
Total assets | ج.م1.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MICH's short term assets (EGP1.1B) exceed its short term liabilities (EGP308.8M).
Long Term Liabilities: MICH's short term assets (EGP1.1B) exceed its long term liabilities (EGP151.3M).
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 16.4% over the past 5 years.
Debt Coverage: MICH's debt is well covered by operating cash flow (250.6%).
Interest Coverage: MICH earns more interest than it pays, so coverage of interest payments is not a concern.