Pak-Gulf Leasing Balance Sheet Health
Financial Health criteria checks 5/6
Pak-Gulf Leasing has a total shareholder equity of PKR889.7M and total debt of PKR306.5M, which brings its debt-to-equity ratio to 34.5%. Its total assets and total liabilities are PKR2.2B and PKR1.3B respectively. Pak-Gulf Leasing's EBIT is PKR177.9M making its interest coverage ratio 2. It has cash and short-term investments of PKR172.5M.
Key information
34.5%
Debt to equity ratio
PK₨306.52m
Debt
Interest coverage ratio | 2x |
Cash | PK₨172.51m |
Equity | PK₨889.72m |
Total liabilities | PK₨1.29b |
Total assets | PK₨2.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PGLC's short term assets (PKR1.1B) exceed its short term liabilities (PKR502.7M).
Long Term Liabilities: PGLC's short term assets (PKR1.1B) exceed its long term liabilities (PKR791.1M).
Debt to Equity History and Analysis
Debt Level: PGLC's net debt to equity ratio (15.1%) is considered satisfactory.
Reducing Debt: PGLC's debt to equity ratio has reduced from 109.4% to 34.5% over the past 5 years.
Debt Coverage: PGLC's debt is well covered by operating cash flow (138.7%).
Interest Coverage: PGLC's interest payments on its debt are not well covered by EBIT (2x coverage).