Rafhan Maize Products Balance Sheet Health
Financial Health criteria checks 5/6
Rafhan Maize Products has a total shareholder equity of PKR26.1B and total debt of PKR4.0B, which brings its debt-to-equity ratio to 15.4%. Its total assets and total liabilities are PKR43.6B and PKR17.5B respectively. Rafhan Maize Products's EBIT is PKR10.3B making its interest coverage ratio -22.5. It has cash and short-term investments of PKR3.2B.
Key information
15.4%
Debt to equity ratio
PK₨4.02b
Debt
| Interest coverage ratio | -22.5x |
| Cash | PK₨3.25b |
| Equity | PK₨26.06b |
| Total liabilities | PK₨17.53b |
| Total assets | PK₨43.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RMPL's short term assets (PKR33.4B) exceed its short term liabilities (PKR15.5B).
Long Term Liabilities: RMPL's short term assets (PKR33.4B) exceed its long term liabilities (PKR2.0B).
Debt to Equity History and Analysis
Debt Level: RMPL's net debt to equity ratio (3%) is considered satisfactory.
Reducing Debt: RMPL's debt to equity ratio has increased from 1.9% to 15.4% over the past 5 years.
Debt Coverage: RMPL's debt is well covered by operating cash flow (200.8%).
Interest Coverage: RMPL earns more interest than it pays, so coverage of interest payments is not a concern.