Hi-Tech Lubricants Balance Sheet Health
Financial Health criteria checks 1/6
Hi-Tech Lubricants has a total shareholder equity of PKR5.9B and total debt of PKR3.2B, which brings its debt-to-equity ratio to 53.8%. Its total assets and total liabilities are PKR12.3B and PKR6.4B respectively. Hi-Tech Lubricants's EBIT is PKR399.8M making its interest coverage ratio 0.6. It has cash and short-term investments of PKR509.5M.
Key information
53.8%
Debt to equity ratio
PK₨3.20b
Debt
| Interest coverage ratio | 0.6x |
| Cash | PK₨509.48m |
| Equity | PK₨5.94b |
| Total liabilities | PK₨6.40b |
| Total assets | PK₨12.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HTL's short term assets (PKR5.1B) do not cover its short term liabilities (PKR5.4B).
Long Term Liabilities: HTL's short term assets (PKR5.1B) exceed its long term liabilities (PKR1.0B).
Debt to Equity History and Analysis
Debt Level: HTL's net debt to equity ratio (45.3%) is considered high.
Reducing Debt: HTL's debt to equity ratio has increased from 46.8% to 53.8% over the past 5 years.
Debt Coverage: HTL's debt is not well covered by operating cash flow (12.5%).
Interest Coverage: HTL's interest payments on its debt are not well covered by EBIT (0.6x coverage).