Azgard Nine Balance Sheet Health
Financial Health criteria checks 5/6
Azgard Nine has a total shareholder equity of PKR13.8B and total debt of PKR7.9B, which brings its debt-to-equity ratio to 57.2%. Its total assets and total liabilities are PKR27.6B and PKR13.9B respectively. Azgard Nine's EBIT is PKR1.9B making its interest coverage ratio 17.9. It has cash and short-term investments of PKR993.1M.
Key information
57.2%
Debt to equity ratio
PK₨7.87b
Debt
| Interest coverage ratio | 17.9x |
| Cash | PK₨993.08m |
| Equity | PK₨13.77b |
| Total liabilities | PK₨13.87b |
| Total assets | PK₨27.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ANL's short term assets (PKR16.6B) exceed its short term liabilities (PKR8.2B).
Long Term Liabilities: ANL's short term assets (PKR16.6B) exceed its long term liabilities (PKR5.7B).
Debt to Equity History and Analysis
Debt Level: ANL's net debt to equity ratio (50%) is considered high.
Reducing Debt: ANL's debt to equity ratio has reduced from 1144.2% to 57.2% over the past 5 years.
Debt Coverage: ANL's debt is well covered by operating cash flow (23.9%).
Interest Coverage: ANL's interest payments on its debt are well covered by EBIT (17.9x coverage).