Tariq Balance Sheet Health
Financial Health criteria checks 4/6
Tariq has a total shareholder equity of PKR3.7B and total debt of PKR1.6B, which brings its debt-to-equity ratio to 43.4%. Its total assets and total liabilities are PKR9.1B and PKR5.4B respectively. Tariq's EBIT is PKR588.8M making its interest coverage ratio 1.2. It has cash and short-term investments of PKR272.9M.
Key information
43.4%
Debt to equity ratio
PK₨1.60b
Debt
Interest coverage ratio | 1.2x |
Cash | PK₨272.89m |
Equity | PK₨3.68b |
Total liabilities | PK₨5.37b |
Total assets | PK₨9.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TCORP's short term assets (PKR3.3B) do not cover its short term liabilities (PKR4.2B).
Long Term Liabilities: TCORP's short term assets (PKR3.3B) exceed its long term liabilities (PKR1.2B).
Debt to Equity History and Analysis
Debt Level: TCORP's net debt to equity ratio (36%) is considered satisfactory.
Reducing Debt: TCORP's debt to equity ratio has reduced from 71.5% to 43.4% over the past 5 years.
Debt Coverage: TCORP's debt is well covered by operating cash flow (104.9%).
Interest Coverage: TCORP's interest payments on its debt are not well covered by EBIT (1.2x coverage).