Pakistan Cables Balance Sheet Health
Financial Health criteria checks 2/6
Pakistan Cables has a total shareholder equity of PKR9.6B and total debt of PKR13.4B, which brings its debt-to-equity ratio to 139.2%. Its total assets and total liabilities are PKR28.0B and PKR18.3B respectively. Pakistan Cables's EBIT is PKR2.1B making its interest coverage ratio 1.4. It has cash and short-term investments of PKR288.8M.
Key information
139.2%
Debt to equity ratio
PK₨13.39b
Debt
Interest coverage ratio | 1.4x |
Cash | PK₨288.83m |
Equity | PK₨9.62b |
Total liabilities | PK₨18.35b |
Total assets | PK₨27.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PCAL's short term assets (PKR12.2B) exceed its short term liabilities (PKR10.5B).
Long Term Liabilities: PCAL's short term assets (PKR12.2B) exceed its long term liabilities (PKR7.8B).
Debt to Equity History and Analysis
Debt Level: PCAL's net debt to equity ratio (136.2%) is considered high.
Reducing Debt: PCAL's debt to equity ratio has increased from 40.8% to 139.2% over the past 5 years.
Debt Coverage: PCAL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PCAL's interest payments on its debt are not well covered by EBIT (1.4x coverage).