Fast Cables Balance Sheet Health
Financial Health criteria checks 4/6
Fast Cables has a total shareholder equity of PKR7.7B and total debt of PKR5.0B, which brings its debt-to-equity ratio to 64.8%. Its total assets and total liabilities are PKR25.1B and PKR17.4B respectively. Fast Cables's EBIT is PKR3.9B making its interest coverage ratio 4.1. It has cash and short-term investments of PKR968.6M.
Key information
64.8%
Debt to equity ratio
PK₨4.97b
Debt
| Interest coverage ratio | 4.1x |
| Cash | PK₨968.60m |
| Equity | PK₨7.66b |
| Total liabilities | PK₨17.40b |
| Total assets | PK₨25.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FCL's short term assets (PKR18.9B) exceed its short term liabilities (PKR16.4B).
Long Term Liabilities: FCL's short term assets (PKR18.9B) exceed its long term liabilities (PKR1.0B).
Debt to Equity History and Analysis
Debt Level: FCL's net debt to equity ratio (52.2%) is considered high.
Reducing Debt: Insufficient data to determine if FCL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: FCL's debt is well covered by operating cash flow (66.2%).
Interest Coverage: FCL's interest payments on its debt are well covered by EBIT (4.1x coverage).