Leather Up Balance Sheet Health
Financial Health criteria checks 6/6
Leather Up has a total shareholder equity of PKR22.0M and total debt of PKR8.6K, which brings its debt-to-equity ratio to 0.04%. Its total assets and total liabilities are PKR30.6M and PKR8.6M respectively. Leather Up's EBIT is PKR55.1K making its interest coverage ratio -557. It has cash and short-term investments of PKR4.3M.
Key information
0.04%
Debt to equity ratio
PK₨8.60k
Debt
| Interest coverage ratio | -557x |
| Cash | PK₨4.30m |
| Equity | PK₨22.00m |
| Total liabilities | PK₨8.63m |
| Total assets | PK₨30.63m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LEUL's short term assets (PKR28.0M) exceed its short term liabilities (PKR8.1M).
Long Term Liabilities: LEUL's short term assets (PKR28.0M) exceed its long term liabilities (PKR500.4K).
Debt to Equity History and Analysis
Debt Level: LEUL has more cash than its total debt.
Reducing Debt: LEUL's debt to equity ratio has reduced from 2.3% to 0.04% over the past 5 years.
Debt Coverage: LEUL's debt is well covered by operating cash flow (33254.8%).
Interest Coverage: LEUL earns more interest than it pays, so coverage of interest payments is not a concern.