Bestway Cement Balance Sheet Health
Financial Health criteria checks 1/6
Bestway Cement has a total shareholder equity of PKR61.8B and total debt of PKR61.2B, which brings its debt-to-equity ratio to 99.1%. Its total assets and total liabilities are PKR167.9B and PKR106.2B respectively. Bestway Cement's EBIT is PKR27.9B making its interest coverage ratio 2.6. It has cash and short-term investments of PKR989.5M.
Key information
99.1%
Debt to equity ratio
PK₨61.23b
Debt
| Interest coverage ratio | 2.6x |
| Cash | PK₨989.52m |
| Equity | PK₨61.78b |
| Total liabilities | PK₨106.16b |
| Total assets | PK₨167.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BWCL's short term assets (PKR27.5B) do not cover its short term liabilities (PKR38.7B).
Long Term Liabilities: BWCL's short term assets (PKR27.5B) do not cover its long term liabilities (PKR67.5B).
Debt to Equity History and Analysis
Debt Level: BWCL's net debt to equity ratio (97.5%) is considered high.
Reducing Debt: BWCL's debt to equity ratio has increased from 34.2% to 99.1% over the past 5 years.
Debt Coverage: BWCL's debt is well covered by operating cash flow (36%).
Interest Coverage: BWCL's interest payments on its debt are not well covered by EBIT (2.6x coverage).