First Credit and Investment Bank Balance Sheet Health
Financial Health criteria checks 1/6
First Credit and Investment Bank has a total shareholder equity of PKR754.6M and total debt of PKR1.6B, which brings its debt-to-equity ratio to 216.8%. Its total assets and total liabilities are PKR2.5B and PKR1.7B respectively. First Credit and Investment Bank's EBIT is PKR241.8M making its interest coverage ratio 1.1. It has cash and short-term investments of PKR395.1M.
Key information
216.8%
Debt to equity ratio
PK₨1.64b
Debt
Interest coverage ratio | 1.1x |
Cash | PK₨395.12m |
Equity | PK₨754.55m |
Total liabilities | PK₨1.72b |
Total assets | PK₨2.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FCIBL's short term assets (PKR647.7M) do not cover its short term liabilities (PKR1.7B).
Long Term Liabilities: FCIBL's short term assets (PKR647.7M) exceed its long term liabilities (PKR22.0M).
Debt to Equity History and Analysis
Debt Level: FCIBL's net debt to equity ratio (164.4%) is considered high.
Reducing Debt: FCIBL's debt to equity ratio has increased from 90.6% to 216.8% over the past 5 years.
Debt Coverage: FCIBL's debt is not well covered by operating cash flow (0.9%).
Interest Coverage: FCIBL's interest payments on its debt are not well covered by EBIT (1.1x coverage).