Thal Industries Balance Sheet Health
Financial Health criteria checks 3/6
Thal Industries has a total shareholder equity of PKR9.7B and total debt of PKR16.7B, which brings its debt-to-equity ratio to 171.4%. Its total assets and total liabilities are PKR36.4B and PKR26.7B respectively. Thal Industries's EBIT is PKR4.2B making its interest coverage ratio 2.1. It has cash and short-term investments of PKR3.1B.
Key information
171.4%
Debt to equity ratio
PK₨16.66b
Debt
| Interest coverage ratio | 2.1x |
| Cash | PK₨3.14b |
| Equity | PK₨9.72b |
| Total liabilities | PK₨26.70b |
| Total assets | PK₨36.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TICL's short term assets (PKR30.3B) exceed its short term liabilities (PKR25.8B).
Long Term Liabilities: TICL's short term assets (PKR30.3B) exceed its long term liabilities (PKR879.6M).
Debt to Equity History and Analysis
Debt Level: TICL's net debt to equity ratio (139.1%) is considered high.
Reducing Debt: TICL's debt to equity ratio has reduced from 267.5% to 171.4% over the past 5 years.
Debt Coverage: TICL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TICL's interest payments on its debt are not well covered by EBIT (2.1x coverage).