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 EGP35.7B and total debt of EGP3.0B, which brings its debt-to-equity ratio to 8.3%. Its total assets and total liabilities are EGP87.3B and EGP51.6B respectively. Emaar Misr for Development Company (S.A.E.)'s EBIT is EGP5.0B making its interest coverage ratio -3.7. It has cash and short-term investments of EGP14.8B.
Key information
8.3%
Debt to equity ratio
ج.م2.96b
Debt
Interest coverage ratio | -3.7x |
Cash | ج.م14.85b |
Equity | ج.م35.71b |
Total liabilities | ج.م51.55b |
Total assets | ج.م87.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EMFD's short term assets (EGP75.6B) exceed its short term liabilities (EGP46.0B).
Long Term Liabilities: EMFD's short term assets (EGP75.6B) exceed its long term liabilities (EGP5.5B).
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 0.2% to 8.3% over the past 5 years.
Debt Coverage: EMFD's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: EMFD earns more interest than it pays, so coverage of interest payments is not a concern.