Auto Nejma Maroc Balance Sheet Health
Financial Health criteria checks 4/6
Auto Nejma Maroc has a total shareholder equity of MAD1.1B and total debt of MAD258.7M, which brings its debt-to-equity ratio to 22.8%. Its total assets and total liabilities are MAD2.5B and MAD1.4B respectively. Auto Nejma Maroc's EBIT is MAD285.6M making its interest coverage ratio 351.2. It has cash and short-term investments of MAD65.8M.
Key information
22.8%
Debt to equity ratio
د.م258.70m
Debt
| Interest coverage ratio | 351.2x |
| Cash | د.م65.82m |
| Equity | د.م1.13b |
| Total liabilities | د.م1.40b |
| Total assets | د.م2.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NEJ's short term assets (MAD1.8B) exceed its short term liabilities (MAD877.2M).
Long Term Liabilities: NEJ's short term assets (MAD1.8B) exceed its long term liabilities (MAD519.4M).
Debt to Equity History and Analysis
Debt Level: NEJ's net debt to equity ratio (17%) is considered satisfactory.
Reducing Debt: NEJ's debt to equity ratio has increased from 14.7% to 22.8% over the past 5 years.
Debt Coverage: NEJ's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NEJ's interest payments on its debt are well covered by EBIT (351.2x coverage).