Waves Balance Sheet Health
Financial Health criteria checks 4/6
Waves has a total shareholder equity of PKR11.5B and total debt of PKR6.1B, which brings its debt-to-equity ratio to 53.3%. Its total assets and total liabilities are PKR22.7B and PKR11.2B respectively. Waves's EBIT is PKR572.4M making its interest coverage ratio 3.6. It has cash and short-term investments of PKR56.9M.
Key information
53.3%
Debt to equity ratio
PK₨6.14b
Debt
| Interest coverage ratio | 3.6x |
| Cash | PK₨56.90m |
| Equity | PK₨11.51b |
| Total liabilities | PK₨11.16b |
| Total assets | PK₨22.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WAVES's short term assets (PKR11.3B) exceed its short term liabilities (PKR10.1B).
Long Term Liabilities: WAVES's short term assets (PKR11.3B) exceed its long term liabilities (PKR1.1B).
Debt to Equity History and Analysis
Debt Level: WAVES's net debt to equity ratio (52.8%) is considered high.
Reducing Debt: WAVES's debt to equity ratio has reduced from 61.7% to 53.3% over the past 5 years.
Debt Coverage: WAVES's debt is not well covered by operating cash flow (16.1%).
Interest Coverage: WAVES's interest payments on its debt are well covered by EBIT (3.6x coverage).