Descon Oxychem Balance Sheet Health
Financial Health criteria checks 6/6
Descon Oxychem has a total shareholder equity of PKR3.1B and total debt of PKR129.5M, which brings its debt-to-equity ratio to 4.2%. Its total assets and total liabilities are PKR4.4B and PKR1.3B respectively. Descon Oxychem's EBIT is PKR1.0B making its interest coverage ratio -11.1. It has cash and short-term investments of PKR385.4M.
Key information
4.2%
Debt to equity ratio
PK₨129.49m
Debt
Interest coverage ratio | -11.1x |
Cash | PK₨385.43m |
Equity | PK₨3.12b |
Total liabilities | PK₨1.28b |
Total assets | PK₨4.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DOL's short term assets (PKR2.2B) exceed its short term liabilities (PKR978.2M).
Long Term Liabilities: DOL's short term assets (PKR2.2B) exceed its long term liabilities (PKR297.3M).
Debt to Equity History and Analysis
Debt Level: DOL has more cash than its total debt.
Reducing Debt: DOL's debt to equity ratio has reduced from 136.1% to 4.2% over the past 5 years.
Debt Coverage: DOL's debt is well covered by operating cash flow (202.3%).
Interest Coverage: DOL earns more interest than it pays, so coverage of interest payments is not a concern.