MM Group for Industry and International TradeE Balance Sheet Health
Financial Health criteria checks 6/6
MM Group for Industry and International TradeE has a total shareholder equity of EGP3.0B and total debt of EGP303.6M, which brings its debt-to-equity ratio to 10.2%. Its total assets and total liabilities are EGP4.4B and EGP1.5B respectively. MM Group for Industry and International TradeE's EBIT is EGP791.8M making its interest coverage ratio 119.6. It has cash and short-term investments of EGP1.2B.
Key information
10.2%
Debt to equity ratio
ج.م303.63m
Debt
| Interest coverage ratio | 119.6x |
| Cash | ج.م1.18b |
| Equity | ج.م2.98b |
| Total liabilities | ج.م1.47b |
| Total assets | ج.م4.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MTIE's short term assets (EGP3.4B) exceed its short term liabilities (EGP1.4B).
Long Term Liabilities: MTIE's short term assets (EGP3.4B) exceed its long term liabilities (EGP81.8M).
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 34.2% to 10.2% over the past 5 years.
Debt Coverage: MTIE's debt is well covered by operating cash flow (77%).
Interest Coverage: MTIE's interest payments on its debt are well covered by EBIT (119.6x coverage).