Waves Balance Sheet Health
Financial Health criteria checks 4/6
Waves has a total shareholder equity of PKR11.6B and total debt of PKR6.8B, which brings its debt-to-equity ratio to 58.6%. Its total assets and total liabilities are PKR23.3B and PKR11.7B respectively. Waves's EBIT is PKR572.4M making its interest coverage ratio 3.6. It has cash and short-term investments of PKR68.0M.
Key information
58.6%
Debt to equity ratio
PK₨6.79b
Debt
| Interest coverage ratio | 3.6x |
| Cash | PK₨67.97m |
| Equity | PK₨11.59b |
| Total liabilities | PK₨11.67b |
| Total assets | PK₨23.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WAVES's short term assets (PKR11.6B) exceed its short term liabilities (PKR7.8B).
Long Term Liabilities: WAVES's short term assets (PKR11.6B) exceed its long term liabilities (PKR3.8B).
Debt to Equity History and Analysis
Debt Level: WAVES's net debt to equity ratio (58%) is considered high.
Reducing Debt: WAVES's debt to equity ratio has reduced from 61.7% to 58.6% over the past 5 years.
Debt Coverage: WAVES's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: WAVES's interest payments on its debt are well covered by EBIT (3.6x coverage).