Askari General Insurance Balance Sheet Health
Financial Health criteria checks 5/6
Askari General Insurance has a total shareholder equity of PKR2.8B and total debt of PKR0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are PKR8.3B and PKR5.5B respectively. Askari General Insurance's EBIT is PKR784.7M making its interest coverage ratio 33.7. It has cash and short-term investments of PKR681.4M.
Key information
0%
Debt to equity ratio
PK₨0
Debt
Interest coverage ratio | 33.7x |
Cash | PK₨681.43m |
Equity | PK₨2.75b |
Total liabilities | PK₨5.55b |
Total assets | PK₨8.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AGIC's short term assets (PKR4.1B) do not cover its short term liabilities (PKR5.3B).
Long Term Liabilities: AGIC's short term assets (PKR4.1B) exceed its long term liabilities (PKR253.8M).
Debt to Equity History and Analysis
Debt Level: AGIC is debt free.
Reducing Debt: AGIC has not had any debt for past 5 years.
Debt Coverage: AGIC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: AGIC has no debt, therefore coverage of interest payments is not a concern.