Waves Home Appliances Balance Sheet Health
Financial Health criteria checks 4/6
Waves Home Appliances has a total shareholder equity of PKR7.8B and total debt of PKR5.0B, which brings its debt-to-equity ratio to 63.8%. Its total assets and total liabilities are PKR18.1B and PKR10.4B respectively. Waves Home Appliances's EBIT is PKR403.4M making its interest coverage ratio 3.1. It has cash and short-term investments of PKR8.3M.
Key information
63.8%
Debt to equity ratio
PK₨4.96b
Debt
| Interest coverage ratio | 3.1x |
| Cash | PK₨8.28m |
| Equity | PK₨7.77b |
| Total liabilities | PK₨10.35b |
| Total assets | PK₨18.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WAVESAPP's short term assets (PKR6.8B) exceed its short term liabilities (PKR4.5B).
Long Term Liabilities: WAVESAPP's short term assets (PKR6.8B) exceed its long term liabilities (PKR5.8B).
Debt to Equity History and Analysis
Debt Level: WAVESAPP's net debt to equity ratio (63.7%) is considered high.
Reducing Debt: WAVESAPP had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: WAVESAPP's debt is not well covered by operating cash flow (15.2%).
Interest Coverage: WAVESAPP's interest payments on its debt are well covered by EBIT (3.1x coverage).