Emaar Misr for Development Company (S.A.E.) Balance Sheet Health
Financial Health criteria checks 4/6
Emaar Misr for Development Company (S.A.E.) has a total shareholder equity of EGP46.1B and total debt of EGP3.1B, which brings its debt-to-equity ratio to 6.7%. Its total assets and total liabilities are EGP102.5B and EGP56.5B respectively. Emaar Misr for Development Company (S.A.E.)'s EBIT is EGP6.7B making its interest coverage ratio -4.8. It has cash and short-term investments of EGP23.2B.
Key information
6.7%
Debt to equity ratio
ج.م3.08b
Debt
| Interest coverage ratio | -4.8x |
| Cash | ج.م23.19b |
| Equity | ج.م46.06b |
| Total liabilities | ج.م56.47b |
| Total assets | ج.م102.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EMFD's short term assets (EGP89.5B) exceed its short term liabilities (EGP51.8B).
Long Term Liabilities: EMFD's short term assets (EGP89.5B) exceed its long term liabilities (EGP4.7B).
Debt to Equity History and Analysis
Debt Level: EMFD has more cash than its total debt.
Reducing Debt: EMFD's debt to equity ratio has increased from 0.1% to 6.7% over the past 5 years.
Debt Coverage: EMFD's debt is not well covered by operating cash flow (13.9%).
Interest Coverage: EMFD earns more interest than it pays, so coverage of interest payments is not a concern.