Sixth of October for Development and Investment Company SODIC (S.A.E.) Balance Sheet Health
Financial Health criteria checks 5/6
Sixth of October for Development and Investment Company SODIC (S.A.E.) has a total shareholder equity of EGP9.1B and total debt of EGP2.9B, which brings its debt-to-equity ratio to 32.5%. Its total assets and total liabilities are EGP41.2B and EGP32.1B respectively. Sixth of October for Development and Investment Company SODIC (S.A.E.)'s EBIT is EGP2.0B making its interest coverage ratio 22.1. It has cash and short-term investments of EGP2.8B.
Key information
32.5%
Debt to equity ratio
ج.م2.95b
Debt
Interest coverage ratio | 22.1x |
Cash | ج.م2.83b |
Equity | ج.م9.08b |
Total liabilities | ج.م32.12b |
Total assets | ج.م41.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OCDI's short term assets (EGP34.5B) exceed its short term liabilities (EGP23.5B).
Long Term Liabilities: OCDI's short term assets (EGP34.5B) exceed its long term liabilities (EGP8.6B).
Debt to Equity History and Analysis
Debt Level: OCDI's net debt to equity ratio (1.3%) is considered satisfactory.
Reducing Debt: OCDI's debt to equity ratio has reduced from 56.2% to 32.5% over the past 5 years.
Debt Coverage: OCDI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: OCDI's interest payments on its debt are well covered by EBIT (22.1x coverage).