More Provident Funds Balance Sheet Health
Financial Health criteria checks 3/6
More Provident Funds has a total shareholder equity of ₪235.6M and total debt of ₪191.5M, which brings its debt-to-equity ratio to 81.3%. Its total assets and total liabilities are ₪503.3M and ₪267.7M respectively. More Provident Funds's EBIT is ₪75.6M making its interest coverage ratio 9.1. It has cash and short-term investments of ₪172.0M.
Key information
81.3%
Debt to equity ratio
₪191.53m
Debt
| Interest coverage ratio | 9.1x |
| Cash | ₪172.05m |
| Equity | ₪235.60m |
| Total liabilities | ₪267.66m |
| Total assets | ₪503.26m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MPP's short term assets (₪216.0M) exceed its short term liabilities (₪2.7M).
Long Term Liabilities: MPP's short term assets (₪216.0M) do not cover its long term liabilities (₪264.9M).
Debt to Equity History and Analysis
Debt Level: MPP's net debt to equity ratio (8.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if MPP's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MPP's debt is not well covered by operating cash flow (18.5%).
Interest Coverage: MPP's interest payments on its debt are well covered by EBIT (9.1x coverage).