More Provident Funds Balance Sheet Health
Financial Health criteria checks 4/6
More Provident Funds has a total shareholder equity of ₪235.3M and total debt of ₪196.6M, which brings its debt-to-equity ratio to 83.6%. Its total assets and total liabilities are ₪505.8M and ₪270.4M respectively. More Provident Funds's EBIT is ₪67.7M making its interest coverage ratio 8.1. It has cash and short-term investments of ₪181.1M.
Key information
83.6%
Debt to equity ratio
₪196.61m
Debt
| Interest coverage ratio | 8.1x |
| Cash | ₪181.08m |
| Equity | ₪235.31m |
| Total liabilities | ₪270.44m |
| Total assets | ₪505.75m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MPP's short term assets (₪223.6M) exceed its short term liabilities (₪84.9M).
Long Term Liabilities: MPP's short term assets (₪223.6M) exceed its long term liabilities (₪185.5M).
Debt to Equity History and Analysis
Debt Level: MPP's net debt to equity ratio (6.6%) 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 operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MPP's interest payments on its debt are well covered by EBIT (8.1x coverage).