Bolan Castings Balance Sheet Health
Financial Health criteria checks 5/6
Bolan Castings has a total shareholder equity of PKR348.4M and total debt of PKR265.7M, which brings its debt-to-equity ratio to 76.3%. Its total assets and total liabilities are PKR973.7M and PKR625.3M respectively. Bolan Castings's EBIT is PKR326.9M making its interest coverage ratio 4.4. It has cash and short-term investments of PKR65.6M.
Key information
76.3%
Debt to equity ratio
PK₨265.72m
Debt
Interest coverage ratio | 4.4x |
Cash | PK₨65.56m |
Equity | PK₨348.43m |
Total liabilities | PK₨625.31m |
Total assets | PK₨973.74m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BCL's short term assets (PKR686.2M) exceed its short term liabilities (PKR503.2M).
Long Term Liabilities: BCL's short term assets (PKR686.2M) exceed its long term liabilities (PKR122.1M).
Debt to Equity History and Analysis
Debt Level: BCL's net debt to equity ratio (57.4%) is considered high.
Reducing Debt: BCL's debt to equity ratio has reduced from 86.6% to 76.3% over the past 5 years.
Debt Coverage: BCL's debt is well covered by operating cash flow (87.3%).
Interest Coverage: BCL's interest payments on its debt are well covered by EBIT (4.4x coverage).