Cherat Packaging Balance Sheet Health
Financial Health criteria checks 4/6
Cherat Packaging has a total shareholder equity of PKR7.5B and total debt of PKR4.2B, which brings its debt-to-equity ratio to 56.4%. Its total assets and total liabilities are PKR14.6B and PKR7.1B respectively. Cherat Packaging's EBIT is PKR2.9B making its interest coverage ratio 2.5. It has cash and short-term investments of PKR39.1M.
Key information
56.4%
Debt to equity ratio
PK₨4.25b
Debt
Interest coverage ratio | 2.5x |
Cash | PK₨39.11m |
Equity | PK₨7.54b |
Total liabilities | PK₨7.10b |
Total assets | PK₨14.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CPPL's short term assets (PKR7.4B) exceed its short term liabilities (PKR3.9B).
Long Term Liabilities: CPPL's short term assets (PKR7.4B) exceed its long term liabilities (PKR3.2B).
Debt to Equity History and Analysis
Debt Level: CPPL's net debt to equity ratio (55.8%) is considered high.
Reducing Debt: CPPL's debt to equity ratio has reduced from 116.8% to 56.4% over the past 5 years.
Debt Coverage: CPPL's debt is well covered by operating cash flow (159.2%).
Interest Coverage: CPPL's interest payments on its debt are not well covered by EBIT (2.5x coverage).