First Elite Capital Modaraba Balance Sheet Health

Financial Health criteria checks 5/6

First Elite Capital Modaraba has a total shareholder equity of PKR121.4M and total debt of PKR0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are PKR205.1M and PKR83.7M respectively.

Key information

Debt to equity ratio

PK₨0

Debt

Interest coverage ratio	n/a
Cash	PK₨34.92m
Equity	PK₨121.43m
Total liabilities	PK₨83.66m
Total assets	PK₨205.10m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: FECM's short term assets (PKR41.7M) exceed its short term liabilities (PKR18.6M).

Long Term Liabilities: FECM's short term assets (PKR41.7M) do not cover its long term liabilities (PKR65.0M).

Debt to Equity History and Analysis

Debt Level: FECM is debt free.

Reducing Debt: FECM has not had any debt for past 5 years.

Debt Coverage: FECM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: FECM has no debt, therefore coverage of interest payments is not a concern.

First Elite Capital Modaraba Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

Recent updates

Investor sentiment improves as stock rises 16%

First Elite Capital Modaraba, Annual General Meeting, Oct 28, 2024

First Elite Capital Modaraba, Annual General Meeting, Oct 28, 2024

Third quarter 2024 earnings released: PK₨0.11 loss per share (vs PK₨0.097 loss in 3Q 2023)

No independent directors

Second quarter 2024 earnings released: PK₨0.09 loss per share (vs PK₨0.16 loss in 2Q 2023)

Full year 2023 earnings released: PK₨0.62 loss per share (vs PK₨0.64 loss in FY 2022)

No independent directors

First quarter 2023 earnings released: PK₨0.14 loss per share (vs PK₨0.15 loss in 1Q 2022)

Third quarter 2022 earnings released: PK₨0.06 loss per share (vs PK₨0.06 profit in 3Q 2021)

No independent directors

Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment deteriorated over the past week

Upcoming dividend of PK₨0.30 per share

Full year 2021 earnings released: EPS PK₨0.38 (vs PK₨0.47 loss in FY 2020)

Third quarter 2021 earnings released: EPS PK₨0.06 (vs PK₨0.02 loss in 3Q 2020)

Second quarter 2021 earnings released: PK₨0.04 loss per share (vs PK₨0.03 loss in 2Q 2020)

New 90-day high: PK₨3.47

First quarter earnings released

First quarter earnings released

First Elite Capital Modaraba to Report Q1, 2021 Results on Oct 20, 2020

New 90-day high: PK₨3.25

Full year earnings released - PK₨0.46 loss per share

First Elite Capital Modaraba Announces Nil Dividend Payment for the Year Ended June 30, 2020

Full year earnings released - PK₨0.46 loss per share

First Elite Capital Modaraba to Report Fiscal Year 2020 Results on Sep 30, 2020

New 90-day high - PK₨3.07

New 90-day high - PK₨2.73

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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