Bestway Cement Balance Sheet Health
Financial Health criteria checks 1/6
Bestway Cement has a total shareholder equity of PKR64.9B and total debt of PKR58.7B, which brings its debt-to-equity ratio to 90.4%. Its total assets and total liabilities are PKR172.8B and PKR107.9B respectively. Bestway Cement's EBIT is PKR28.8B making its interest coverage ratio 2.7. It has cash and short-term investments of PKR1.6B.
Key information
90.4%
Debt to equity ratio
PK₨58.69b
Debt
| Interest coverage ratio | 2.7x |
| Cash | PK₨1.55b |
| Equity | PK₨64.91b |
| Total liabilities | PK₨107.86b |
| Total assets | PK₨172.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BWCL's short term assets (PKR28.5B) do not cover its short term liabilities (PKR42.0B).
Long Term Liabilities: BWCL's short term assets (PKR28.5B) do not cover its long term liabilities (PKR65.9B).
Debt to Equity History and Analysis
Debt Level: BWCL's net debt to equity ratio (88%) is considered high.
Reducing Debt: BWCL's debt to equity ratio has increased from 28.4% to 90.4% over the past 5 years.
Debt Coverage: BWCL's debt is well covered by operating cash flow (37.3%).
Interest Coverage: BWCL's interest payments on its debt are not well covered by EBIT (2.7x coverage).