Thal Industries Balance Sheet Health
Financial Health criteria checks 5/6
Thal Industries has a total shareholder equity of PKR9.9B and total debt of PKR5.9B, which brings its debt-to-equity ratio to 60%. Its total assets and total liabilities are PKR26.3B and PKR16.4B respectively. Thal Industries's EBIT is PKR5.1B making its interest coverage ratio 4.3. It has cash and short-term investments of PKR3.7B.
Key information
60.0%
Debt to equity ratio
PK₨5.92b
Debt
Interest coverage ratio | 4.3x |
Cash | PK₨3.70b |
Equity | PK₨9.87b |
Total liabilities | PK₨16.39b |
Total assets | PK₨26.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TICL's short term assets (PKR20.1B) exceed its short term liabilities (PKR15.4B).
Long Term Liabilities: TICL's short term assets (PKR20.1B) exceed its long term liabilities (PKR1.0B).
Debt to Equity History and Analysis
Debt Level: TICL's net debt to equity ratio (22.5%) is considered satisfactory.
Reducing Debt: TICL's debt to equity ratio has reduced from 348.4% to 60% over the past 5 years.
Debt Coverage: TICL's debt is not well covered by operating cash flow (8.1%).
Interest Coverage: TICL's interest payments on its debt are well covered by EBIT (4.3x coverage).