Hi-Tech Lubricants Balance Sheet Health
Financial Health criteria checks 4/6
Hi-Tech Lubricants has a total shareholder equity of PKR5.7B and total debt of PKR2.7B, which brings its debt-to-equity ratio to 46.4%. Its total assets and total liabilities are PKR11.9B and PKR6.1B respectively. Hi-Tech Lubricants's EBIT is PKR666.9M making its interest coverage ratio 0.9. It has cash and short-term investments of PKR663.3M.
Key information
46.4%
Debt to equity ratio
PK₨2.65b
Debt
Interest coverage ratio | 0.9x |
Cash | PK₨663.26m |
Equity | PK₨5.73b |
Total liabilities | PK₨6.14b |
Total assets | PK₨11.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HTL's short term assets (PKR4.6B) do not cover its short term liabilities (PKR4.8B).
Long Term Liabilities: HTL's short term assets (PKR4.6B) exceed its long term liabilities (PKR1.4B).
Debt to Equity History and Analysis
Debt Level: HTL's net debt to equity ratio (34.8%) is considered satisfactory.
Reducing Debt: HTL's debt to equity ratio has reduced from 86.1% to 46.4% over the past 5 years.
Debt Coverage: HTL's debt is well covered by operating cash flow (28.2%).
Interest Coverage: HTL's interest payments on its debt are not well covered by EBIT (0.9x coverage).