ELEC â Record EBIT, Zero Cash & Massive Debt
ELEC – Record EBIT, Zero Cash & Massive Debt 📉🔌 • The Reality: ELEC is an industrial giant with a “Liquidity Crisis.” While EBIT is at record levels, the cash conversion is terrible only 38 piasters of every EGP 1.00 profit actually hit the bank. The rest is stuck in a massive EGP 1.9B receivables…
