MM Group for Industry and International TradeE Balance Sheet Health
Financial Health criteria checks 5/6
MM Group for Industry and International TradeE has a total shareholder equity of EGP3.2B and total debt of EGP280.8M, which brings its debt-to-equity ratio to 8.8%. Its total assets and total liabilities are EGP6.1B and EGP2.9B respectively. MM Group for Industry and International TradeE's EBIT is EGP1.0B making its interest coverage ratio -200.1. It has cash and short-term investments of EGP852.8M.
Key information
8.8%
Debt to equity ratio
ج.م280.77m
Debt
| Interest coverage ratio | -200.1x |
| Cash | ج.م852.76m |
| Equity | ج.م3.17b |
| Total liabilities | ج.م2.93b |
| Total assets | ج.م6.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MTIE's short term assets (EGP4.9B) exceed its short term liabilities (EGP2.8B).
Long Term Liabilities: MTIE's short term assets (EGP4.9B) exceed its long term liabilities (EGP95.6M).
Debt to Equity History and Analysis
Debt Level: MTIE has more cash than its total debt.
Reducing Debt: MTIE's debt to equity ratio has reduced from 26.2% to 8.8% over the past 5 years.
Debt Coverage: MTIE's debt is not well covered by operating cash flow (18.2%).
Interest Coverage: MTIE earns more interest than it pays, so coverage of interest payments is not a concern.