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 MAD271.2M, which brings its debt-to-equity ratio to 23.6%. Its total assets and total liabilities are MAD2.3B and MAD1.1B respectively. Auto Nejma Maroc's EBIT is MAD264.8M making its interest coverage ratio -23.6. It has cash and short-term investments of MAD41.7M.
Key information
23.6%
Debt to equity ratio
د.م271.20m
Debt
Interest coverage ratio | -23.6x |
Cash | د.م41.73m |
Equity | د.م1.15b |
Total liabilities | د.م1.11b |
Total assets | د.م2.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NEJ's short term assets (MAD1.5B) exceed its short term liabilities (MAD547.2M).
Long Term Liabilities: NEJ's short term assets (MAD1.5B) exceed its long term liabilities (MAD558.8M).
Debt to Equity History and Analysis
Debt Level: NEJ's net debt to equity ratio (20%) is considered satisfactory.
Reducing Debt: NEJ's debt to equity ratio has increased from 16.5% to 23.6% over the past 5 years.
Debt Coverage: NEJ's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NEJ earns more interest than it pays, so coverage of interest payments is not a concern.