Atlas Battery Balance Sheet Health
Financial Health criteria checks 3/6
Atlas Battery has a total shareholder equity of PKR7.2B and total debt of PKR7.2B, which brings its debt-to-equity ratio to 100.6%. Its total assets and total liabilities are PKR19.7B and PKR12.5B respectively. Atlas Battery's EBIT is PKR4.2B making its interest coverage ratio 3.9. It has cash and short-term investments of PKR1.5B.
Key information
100.6%
Debt to equity ratio
PK₨7.22b
Debt
Interest coverage ratio | 3.9x |
Cash | PK₨1.52b |
Equity | PK₨7.18b |
Total liabilities | PK₨12.51b |
Total assets | PK₨19.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ATBA's short term assets (PKR14.7B) exceed its short term liabilities (PKR10.8B).
Long Term Liabilities: ATBA's short term assets (PKR14.7B) exceed its long term liabilities (PKR1.7B).
Debt to Equity History and Analysis
Debt Level: ATBA's net debt to equity ratio (79.4%) is considered high.
Reducing Debt: ATBA's debt to equity ratio has increased from 45.8% to 100.6% over the past 5 years.
Debt Coverage: ATBA's debt is not well covered by operating cash flow (1.4%).
Interest Coverage: ATBA's interest payments on its debt are well covered by EBIT (3.9x coverage).