National Refinery Balance Sheet Health
Financial Health criteria checks 2/6
National Refinery has a total shareholder equity of PKR32.6B and total debt of PKR47.3B, which brings its debt-to-equity ratio to 145%. Its total assets and total liabilities are PKR106.8B and PKR74.2B respectively. National Refinery's EBIT is PKR19.8B making its interest coverage ratio 3.9. It has cash and short-term investments of PKR615.2M.
Key information
145.0%
Debt to equity ratio
PK₨47.27b
Debt
Interest coverage ratio | 3.9x |
Cash | PK₨615.24m |
Equity | PK₨32.60b |
Total liabilities | PK₨74.16b |
Total assets | PK₨106.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NRL's short term assets (PKR72.6B) do not cover its short term liabilities (PKR73.3B).
Long Term Liabilities: NRL's short term assets (PKR72.6B) exceed its long term liabilities (PKR873.0M).
Debt to Equity History and Analysis
Debt Level: NRL's net debt to equity ratio (143.1%) is considered high.
Reducing Debt: NRL's debt to equity ratio has increased from 3.8% to 145% over the past 5 years.
Debt Coverage: NRL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NRL's interest payments on its debt are well covered by EBIT (3.9x coverage).