Biafo Industries Balance Sheet Health
Financial Health criteria checks 6/6
Biafo Industries has a total shareholder equity of PKR3.1B and total debt of PKR526.2M, which brings its debt-to-equity ratio to 17%. Its total assets and total liabilities are PKR4.0B and PKR907.1M respectively. Biafo Industries's EBIT is PKR897.2M making its interest coverage ratio 11.1. It has cash and short-term investments of PKR338.5M.
Key information
17.0%
Debt to equity ratio
PK₨526.25m
Debt
Interest coverage ratio | 11.1x |
Cash | PK₨338.50m |
Equity | PK₨3.10b |
Total liabilities | PK₨907.14m |
Total assets | PK₨4.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BIFO's short term assets (PKR1.7B) exceed its short term liabilities (PKR728.2M).
Long Term Liabilities: BIFO's short term assets (PKR1.7B) exceed its long term liabilities (PKR179.0M).
Debt to Equity History and Analysis
Debt Level: BIFO's net debt to equity ratio (6.1%) is considered satisfactory.
Reducing Debt: BIFO's debt to equity ratio has reduced from 42.8% to 17% over the past 5 years.
Debt Coverage: BIFO's debt is well covered by operating cash flow (32.9%).
Interest Coverage: BIFO's interest payments on its debt are well covered by EBIT (11.1x coverage).