Pakistan Cables Balance Sheet Health
Financial Health criteria checks 2/6
Pakistan Cables has a total shareholder equity of PKR9.2B and total debt of PKR17.3B, which brings its debt-to-equity ratio to 188.2%. Its total assets and total liabilities are PKR35.4B and PKR26.2B respectively. Pakistan Cables's EBIT is PKR1.8B making its interest coverage ratio 0.9. It has cash and short-term investments of PKR475.2M.
Key information
188.2%
Debt to equity ratio
PK₨17.34b
Debt
| Interest coverage ratio | 0.9x |
| Cash | PK₨475.19m |
| Equity | PK₨9.21b |
| Total liabilities | PK₨26.18b |
| Total assets | PK₨35.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PCAL's short term assets (PKR20.4B) exceed its short term liabilities (PKR18.8B).
Long Term Liabilities: PCAL's short term assets (PKR20.4B) exceed its long term liabilities (PKR7.4B).
Debt to Equity History and Analysis
Debt Level: PCAL's net debt to equity ratio (183.1%) is considered high.
Reducing Debt: PCAL's debt to equity ratio has increased from 51.5% to 188.2% 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 (0.9x coverage).