Leather Up Balance Sheet Health
Financial Health criteria checks 5/6
Leather Up has a total shareholder equity of PKR20.1M and total debt of PKR88.6K, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are PKR26.5M and PKR6.4M respectively. Leather Up's EBIT is PKR413.1K making its interest coverage ratio -4172.7. It has cash and short-term investments of PKR889.6K.
Key information
0.4%
Debt to equity ratio
PK₨88.60k
Debt
| Interest coverage ratio | -4172.7x |
| Cash | PK₨889.62k |
| Equity | PK₨20.13m |
| Total liabilities | PK₨6.36m |
| Total assets | PK₨26.49m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LEUL's short term assets (PKR24.0M) exceed its short term liabilities (PKR5.9M).
Long Term Liabilities: LEUL's short term assets (PKR24.0M) exceed its long term liabilities (PKR470.4K).
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 1.4% to 0.4% over the past 5 years.
Debt Coverage: LEUL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: LEUL earns more interest than it pays, so coverage of interest payments is not a concern.