Société Nationale d'Electrolyse et de Pétrochimie Balance Sheet Health
Financial Health criteria checks 3/6
Société Nationale d'Electrolyse et de Pétrochimie has a total shareholder equity of MAD742.1M and total debt of MAD566.5M, which brings its debt-to-equity ratio to 76.3%. Its total assets and total liabilities are MAD1.7B and MAD1.0B respectively. Société Nationale d'Electrolyse et de Pétrochimie's EBIT is MAD40.7M making its interest coverage ratio 3.6. It has cash and short-term investments of MAD12.8M.
Key information
76.3%
Debt to equity ratio
د.م566.48m
Debt
| Interest coverage ratio | 3.6x |
| Cash | د.م12.76m |
| Equity | د.م742.14m |
| Total liabilities | د.م1.00b |
| Total assets | د.م1.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SNP's short term assets (MAD825.6M) exceed its short term liabilities (MAD751.7M).
Long Term Liabilities: SNP's short term assets (MAD825.6M) exceed its long term liabilities (MAD253.0M).
Debt to Equity History and Analysis
Debt Level: SNP's net debt to equity ratio (74.6%) is considered high.
Reducing Debt: SNP's debt to equity ratio has increased from 54.4% to 76.3% over the past 5 years.
Debt Coverage: SNP's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SNP's interest payments on its debt are well covered by EBIT (3.6x coverage).