First Imrooz Modaraba Balance Sheet Health
Financial Health criteria checks 5/6
First Imrooz Modaraba has a total shareholder equity of PKR227.7M and total debt of PKR191.4M, which brings its debt-to-equity ratio to 84%. Its total assets and total liabilities are PKR547.5M and PKR319.8M respectively. First Imrooz Modaraba's EBIT is PKR284.1M making its interest coverage ratio 8.3. It has cash and short-term investments of PKR5.1M.
Key information
84.0%
Debt to equity ratio
PK₨191.35m
Debt
Interest coverage ratio | 8.3x |
Cash | PK₨5.13m |
Equity | PK₨227.69m |
Total liabilities | PK₨319.80m |
Total assets | PK₨547.49m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FIMM's short term assets (PKR533.4M) exceed its short term liabilities (PKR312.1M).
Long Term Liabilities: FIMM's short term assets (PKR533.4M) exceed its long term liabilities (PKR7.7M).
Debt to Equity History and Analysis
Debt Level: FIMM's net debt to equity ratio (81.8%) is considered high.
Reducing Debt: FIMM's debt to equity ratio has reduced from 120.4% to 84% over the past 5 years.
Debt Coverage: FIMM's debt is well covered by operating cash flow (22.2%).
Interest Coverage: FIMM's interest payments on its debt are well covered by EBIT (8.3x coverage).