Buxly Paints Balance Sheet Health
Financial Health criteria checks 4/6
Buxly Paints has a total shareholder equity of PKR186.1M and total debt of PKR44.8M, which brings its debt-to-equity ratio to 24.1%. Its total assets and total liabilities are PKR573.2M and PKR387.1M respectively. Buxly Paints's EBIT is PKR24.0M making its interest coverage ratio 2.4. It has cash and short-term investments of PKR53.1M.
Key information
24.1%
Debt to equity ratio
PK₨44.83m
Debt
Interest coverage ratio | 2.4x |
Cash | PK₨53.12m |
Equity | PK₨186.12m |
Total liabilities | PK₨387.09m |
Total assets | PK₨573.21m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BUXL's short term assets (PKR378.1M) do not cover its short term liabilities (PKR386.3M).
Long Term Liabilities: BUXL's short term assets (PKR378.1M) exceed its long term liabilities (PKR773.0K).
Debt to Equity History and Analysis
Debt Level: BUXL has more cash than its total debt.
Reducing Debt: BUXL's debt to equity ratio has reduced from 31.7% to 24.1% over the past 5 years.
Debt Coverage: BUXL's debt is well covered by operating cash flow (77.7%).
Interest Coverage: BUXL's interest payments on its debt are not well covered by EBIT (2.4x coverage).