Ghandhara Tyre and Rubber Balance Sheet Health
Financial Health criteria checks 2/6
Ghandhara Tyre and Rubber has a total shareholder equity of PKR6.0B and total debt of PKR7.5B, which brings its debt-to-equity ratio to 125.4%. Its total assets and total liabilities are PKR19.7B and PKR13.7B respectively. Ghandhara Tyre and Rubber's EBIT is PKR2.0B making its interest coverage ratio 1.2. It has cash and short-term investments of PKR229.9M.
Key information
125.4%
Debt to equity ratio
PK₨7.55b
Debt
| Interest coverage ratio | 1.2x |
| Cash | PK₨229.86m |
| Equity | PK₨6.02b |
| Total liabilities | PK₨13.67b |
| Total assets | PK₨19.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GTYR's short term assets (PKR12.4B) do not cover its short term liabilities (PKR12.6B).
Long Term Liabilities: GTYR's short term assets (PKR12.4B) exceed its long term liabilities (PKR1.0B).
Debt to Equity History and Analysis
Debt Level: GTYR's net debt to equity ratio (121.6%) is considered high.
Reducing Debt: GTYR's debt to equity ratio has reduced from 199.3% to 125.4% over the past 5 years.
Debt Coverage: GTYR's debt is not well covered by operating cash flow (2.3%).
Interest Coverage: GTYR's interest payments on its debt are not well covered by EBIT (1.2x coverage).