Pak-Gulf Leasing Balance Sheet Health
Financial Health criteria checks 6/6
Pak-Gulf Leasing has a total shareholder equity of PKR950.2M and total debt of PKR246.0M, which brings its debt-to-equity ratio to 25.9%. Its total assets and total liabilities are PKR2.0B and PKR1.0B respectively. Pak-Gulf Leasing's EBIT is PKR219.1M making its interest coverage ratio 3.3. It has cash and short-term investments of PKR534.6M.
Key information
25.9%
Debt to equity ratio
PK₨245.97m
Debt
| Interest coverage ratio | 3.3x |
| Cash | PK₨534.60m |
| Equity | PK₨950.24m |
| Total liabilities | PK₨1.02b |
| Total assets | PK₨1.97b |
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 (PKR333.4M).
Long Term Liabilities: PGLC's short term assets (PKR1.1B) exceed its long term liabilities (PKR685.4M).
Debt to Equity History and Analysis
Debt Level: PGLC has more cash than its total debt.
Reducing Debt: PGLC's debt to equity ratio has reduced from 108.1% to 25.9% over the past 5 years.
Debt Coverage: PGLC's debt is well covered by operating cash flow (220.7%).
Interest Coverage: PGLC's interest payments on its debt are well covered by EBIT (3.3x coverage).