Tariq Glass Industries Balance Sheet Health
Financial Health criteria checks 6/6
Tariq Glass Industries has a total shareholder equity of PKR17.6B and total debt of PKR4.7B, which brings its debt-to-equity ratio to 26.5%. Its total assets and total liabilities are PKR26.7B and PKR9.0B respectively. Tariq Glass Industries's EBIT is PKR5.9B making its interest coverage ratio 13.2. It has cash and short-term investments of PKR176.3M.
Key information
26.5%
Debt to equity ratio
PK₨4.67b
Debt
Interest coverage ratio | 13.2x |
Cash | PK₨176.25m |
Equity | PK₨17.64b |
Total liabilities | PK₨9.02b |
Total assets | PK₨26.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TGL's short term assets (PKR10.5B) exceed its short term liabilities (PKR6.7B).
Long Term Liabilities: TGL's short term assets (PKR10.5B) exceed its long term liabilities (PKR2.3B).
Debt to Equity History and Analysis
Debt Level: TGL's net debt to equity ratio (25.5%) is considered satisfactory.
Reducing Debt: TGL's debt to equity ratio has reduced from 71.7% to 26.5% over the past 5 years.
Debt Coverage: TGL's debt is well covered by operating cash flow (89.9%).
Interest Coverage: TGL's interest payments on its debt are well covered by EBIT (13.2x coverage).