Rafhan Maize Products Balance Sheet Health
Financial Health criteria checks 5/6
Rafhan Maize Products has a total shareholder equity of PKR22.5B and total debt of PKR5.7B, which brings its debt-to-equity ratio to 25.2%. Its total assets and total liabilities are PKR42.7B and PKR20.2B respectively. Rafhan Maize Products's EBIT is PKR11.7B making its interest coverage ratio -21.8. It has cash and short-term investments of PKR4.2B.
Key information
25.2%
Debt to equity ratio
PK₨5.67b
Debt
Interest coverage ratio | -21.8x |
Cash | PK₨4.16b |
Equity | PK₨22.52b |
Total liabilities | PK₨20.22b |
Total assets | PK₨42.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RMPL's short term assets (PKR34.3B) exceed its short term liabilities (PKR18.7B).
Long Term Liabilities: RMPL's short term assets (PKR34.3B) exceed its long term liabilities (PKR1.5B).
Debt to Equity History and Analysis
Debt Level: RMPL's net debt to equity ratio (6.7%) is considered satisfactory.
Reducing Debt: RMPL's debt to equity ratio has increased from 0% to 25.2% over the past 5 years.
Debt Coverage: RMPL's debt is well covered by operating cash flow (99.1%).
Interest Coverage: RMPL earns more interest than it pays, so coverage of interest payments is not a concern.