Atlas Battery Balance Sheet Health
Financial Health criteria checks 3/6
Atlas Battery has a total shareholder equity of PKR8.0B and total debt of PKR6.4B, which brings its debt-to-equity ratio to 79.4%. Its total assets and total liabilities are PKR20.3B and PKR12.3B respectively. Atlas Battery's EBIT is PKR3.6B making its interest coverage ratio 2.4. It has cash and short-term investments of PKR1.3B.
Key information
79.4%
Debt to equity ratio
PK₨6.38b
Debt
| Interest coverage ratio | 2.4x |
| Cash | PK₨1.32b |
| Equity | PK₨8.04b |
| Total liabilities | PK₨12.26b |
| Total assets | PK₨20.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ATBA's short term assets (PKR15.1B) exceed its short term liabilities (PKR10.8B).
Long Term Liabilities: ATBA's short term assets (PKR15.1B) exceed its long term liabilities (PKR1.5B).
Debt to Equity History and Analysis
Debt Level: ATBA's net debt to equity ratio (62.9%) is considered high.
Reducing Debt: ATBA's debt to equity ratio has increased from 36.9% to 79.4% over the past 5 years.
Debt Coverage: ATBA's debt is well covered by operating cash flow (35.9%).
Interest Coverage: ATBA's interest payments on its debt are not well covered by EBIT (2.4x coverage).