Grays Leasing Balance Sheet Health
Financial Health criteria checks 5/6
Grays Leasing has a total shareholder equity of PKR57.0M and total debt of PKR27.0M, which brings its debt-to-equity ratio to 47.4%. Its total assets and total liabilities are PKR310.1M and PKR253.2M respectively.
Key information
47.4%
Debt to equity ratio
PK₨27.00m
Debt
Interest coverage ratio | n/a |
Cash | PK₨3.99m |
Equity | PK₨56.97m |
Total liabilities | PK₨253.15m |
Total assets | PK₨310.12m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GRYL's short term assets (PKR309.5M) exceed its short term liabilities (PKR161.6M).
Long Term Liabilities: GRYL's short term assets (PKR309.5M) exceed its long term liabilities (PKR91.5M).
Debt to Equity History and Analysis
Debt Level: GRYL's net debt to equity ratio (40.4%) is considered high.
Reducing Debt: GRYL's debt to equity ratio has reduced from 81.5% to 47.4% 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 GRYL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: GRYL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 36.3% per year.