Biafo Industries Balance Sheet Health
Financial Health criteria checks 6/6
Biafo Industries has a total shareholder equity of PKR3.0B and total debt of PKR298.7M, which brings its debt-to-equity ratio to 9.8%. Its total assets and total liabilities are PKR3.7B and PKR658.2M respectively. Biafo Industries's EBIT is PKR207.6M making its interest coverage ratio 5.7. It has cash and short-term investments of PKR347.7M.
Key information
9.8%
Debt to equity ratio
PK₨298.74m
Debt
| Interest coverage ratio | 5.7x |
| Cash | PK₨347.72m |
| Equity | PK₨3.03b |
| Total liabilities | PK₨658.16m |
| Total assets | PK₨3.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BIFO's short term assets (PKR1.4B) exceed its short term liabilities (PKR514.0M).
Long Term Liabilities: BIFO's short term assets (PKR1.4B) exceed its long term liabilities (PKR144.2M).
Debt to Equity History and Analysis
Debt Level: BIFO has more cash than its total debt.
Reducing Debt: BIFO's debt to equity ratio has reduced from 40.9% to 9.8% over the past 5 years.
Debt Coverage: BIFO's debt is well covered by operating cash flow (130.9%).
Interest Coverage: BIFO's interest payments on its debt are well covered by EBIT (5.7x coverage).