Honda Atlas Cars (Pakistan) Balance Sheet Health
Financial Health criteria checks 3/6
Honda Atlas Cars (Pakistan) has a total shareholder equity of PKR20.2B and total debt of PKR14.0B, which brings its debt-to-equity ratio to 69.2%. Its total assets and total liabilities are PKR53.7B and PKR33.5B respectively. Honda Atlas Cars (Pakistan)'s EBIT is PKR3.8B making its interest coverage ratio -5.9. It has cash and short-term investments of PKR274.1M.
Key information
69.2%
Debt to equity ratio
PK₨13.99b
Debt
Interest coverage ratio | -5.9x |
Cash | PK₨274.14m |
Equity | PK₨20.23b |
Total liabilities | PK₨33.48b |
Total assets | PK₨53.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HCAR's short term assets (PKR43.5B) exceed its short term liabilities (PKR29.1B).
Long Term Liabilities: HCAR's short term assets (PKR43.5B) exceed its long term liabilities (PKR4.3B).
Debt to Equity History and Analysis
Debt Level: HCAR's net debt to equity ratio (67.8%) is considered high.
Reducing Debt: HCAR's debt to equity ratio has increased from 0% to 69.2% over the past 5 years.
Debt Coverage: HCAR's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: HCAR earns more interest than it pays, so coverage of interest payments is not a concern.