CORPORATE FINANCE PROJECT

Analyze the capital structure of "Cosumar Maroc"

Check its long term debts trend during the last 10 years and describe the trend; (Use the data above)

Look for how the firm used the debt it raised

Discuss if there is any relationship between high debt and high profitability

Recommendations

Year Long Term Debt (in million MAD) Equity (in million) Net Debt (in million) Leverage 2010 2011 349.5 2012 136.4 3366.2 2013 970.8 3586 2014 756.8 3794.6 2015 251.7 4012.3 2016 201.8 4469.1 2017 151.8 4685 -0.77 2018 101.8 5170.3 1043.7 0.61 2019 138.6 5102.2 1085.6 0.55 2020 4994 836 0.44 Situation Financire - Leverage Aide 2017 2018 2019 2020 (2) 2021 (9) 2022 (2) 10 000 0,70 0,60 7 500 0,50 5 000 0,40 Millions MAD Leverage (Dette/Ebitda) 0,30 2 500 0,20 0,10 -2 500 0,00 CA Trsorerie ou Dette EBITDA - Leverage zonebourse.com - S&P Global Market Intelligence Year Long Term Debt (in million MAD) Equity (in million) Net Debt (in million) Leverage 2010 2011 349.5 2012 136.4 3366.2 2013 970.8 3586 2014 756.8 3794.6 2015 251.7 4012.3 2016 201.8 4469.1 2017 151.8 4685 -0.77 2018 101.8 5170.3 1043.7 0.61 2019 138.6 5102.2 1085.6 0.55 2020 4994 836 0.44 Situation Financire - Leverage Aide 2017 2018 2019 2020 (2) 2021 (9) 2022 (2) 10 000 0,70 0,60 7 500 0,50 5 000 0,40 Millions MAD Leverage (Dette/Ebitda) 0,30 2 500 0,20 0,10 -2 500 0,00 CA Trsorerie ou Dette EBITDA - Leverage zonebourse.com - S&P Global Market Intelligence