TAQA Morocco Balance Sheet Health
Financial Health criteria checks 4/6
TAQA Morocco has a total shareholder equity of MAD7.1B and total debt of MAD11.0B, which brings its debt-to-equity ratio to 154.2%. Its total assets and total liabilities are MAD22.2B and MAD15.1B respectively. TAQA Morocco's EBIT is MAD2.7B making its interest coverage ratio 10.2. It has cash and short-term investments of MAD4.2B.
Key information
154.2%
Debt to equity ratio
د.م10.99b
Debt
| Interest coverage ratio | 10.2x |
| Cash | د.م4.23b |
| Equity | د.م7.13b |
| Total liabilities | د.م15.12b |
| Total assets | د.م22.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TQM's short term assets (MAD9.5B) exceed its short term liabilities (MAD4.1B).
Long Term Liabilities: TQM's short term assets (MAD9.5B) do not cover its long term liabilities (MAD11.0B).
Debt to Equity History and Analysis
Debt Level: TQM's net debt to equity ratio (94.8%) is considered high.
Reducing Debt: TQM's debt to equity ratio has reduced from 182.6% to 154.2% over the past 5 years.
Debt Coverage: TQM's debt is well covered by operating cash flow (23.9%).
Interest Coverage: TQM's interest payments on its debt are well covered by EBIT (10.2x coverage).