TAQA ArabiaE Balance Sheet Health
Financial Health criteria checks 3/6
TAQA ArabiaE has a total shareholder equity of EGP3.0B and total debt of EGP8.3B, which brings its debt-to-equity ratio to 277.2%. Its total assets and total liabilities are EGP17.3B and EGP14.4B respectively. TAQA ArabiaE's EBIT is EGP1.1B making its interest coverage ratio 6.4. It has cash and short-term investments of EGP6.5B.
Key information
277.2%
Debt to equity ratio
ج.م8.31b
Debt
| Interest coverage ratio | 6.4x |
| Cash | ج.م6.50b |
| Equity | ج.م3.00b |
| Total liabilities | ج.م14.35b |
| Total assets | ج.م17.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TAQA's short term assets (EGP10.5B) exceed its short term liabilities (EGP10.4B).
Long Term Liabilities: TAQA's short term assets (EGP10.5B) exceed its long term liabilities (EGP4.0B).
Debt to Equity History and Analysis
Debt Level: TAQA's net debt to equity ratio (60.2%) is considered high.
Reducing Debt: Insufficient data to determine if TAQA's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: TAQA's debt is not well covered by operating cash flow (15.6%).
Interest Coverage: TAQA's interest payments on its debt are well covered by EBIT (6.4x coverage).