Cherat Cement Balance Sheet Health
Financial Health criteria checks 6/6
Cherat Cement has a total shareholder equity of PKR23.8B and total debt of PKR9.0B, which brings its debt-to-equity ratio to 37.9%. Its total assets and total liabilities are PKR42.1B and PKR18.3B respectively. Cherat Cement's EBIT is PKR9.6B making its interest coverage ratio 6.2. It has cash and short-term investments of PKR2.5B.
Key information
37.9%
Debt to equity ratio
PK₨9.01b
Debt
Interest coverage ratio | 6.2x |
Cash | PK₨2.46b |
Equity | PK₨23.75b |
Total liabilities | PK₨18.34b |
Total assets | PK₨42.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CHCC's short term assets (PKR13.0B) exceed its short term liabilities (PKR9.1B).
Long Term Liabilities: CHCC's short term assets (PKR13.0B) exceed its long term liabilities (PKR9.2B).
Debt to Equity History and Analysis
Debt Level: CHCC's net debt to equity ratio (27.6%) is considered satisfactory.
Reducing Debt: CHCC's debt to equity ratio has reduced from 166.3% to 37.9% over the past 5 years.
Debt Coverage: CHCC's debt is well covered by operating cash flow (123%).
Interest Coverage: CHCC's interest payments on its debt are well covered by EBIT (6.2x coverage).