First Capital Securities Corporation Limited

KASE:FCSC Stock Report

Market Cap: PK₨740.9m

First Capital Securities Balance Sheet Health

Financial Health criteria checks 4/6

First Capital Securities has a total shareholder equity of PKR1.9B and total debt of PKR2.9B, which brings its debt-to-equity ratio to 154.7%. Its total assets and total liabilities are PKR7.7B and PKR5.8B respectively.

Key information

154.7%

Debt to equity ratio

PK₨2.91b

Debt

Interest coverage ration/a
CashPK₨835.15m
EquityPK₨1.88b
Total liabilitiesPK₨5.83b
Total assetsPK₨7.71b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: FCSC's short term assets (PKR2.2B) do not cover its short term liabilities (PKR5.2B).

Long Term Liabilities: FCSC's short term assets (PKR2.2B) exceed its long term liabilities (PKR675.8M).


Debt to Equity History and Analysis

Debt Level: FCSC's net debt to equity ratio (110.3%) is considered high.

Reducing Debt: FCSC's debt to equity ratio has reduced from 187% to 154.7% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable FCSC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: FCSC is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 5.2% per year.


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