Descon Oxychem Balance Sheet Health
Financial Health criteria checks 6/6
Descon Oxychem has a total shareholder equity of PKR3.4B and total debt of PKR106.8M, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are PKR6.0B and PKR2.7B respectively. Descon Oxychem's EBIT is PKR731.5M making its interest coverage ratio -9.2. It has cash and short-term investments of PKR676.1M.
Key information
3.2%
Debt to equity ratio
PK₨106.82m
Debt
| Interest coverage ratio | -9.2x |
| Cash | PK₨676.10m |
| Equity | PK₨3.36b |
| Total liabilities | PK₨2.69b |
| Total assets | PK₨6.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DOL's short term assets (PKR4.0B) exceed its short term liabilities (PKR2.4B).
Long Term Liabilities: DOL's short term assets (PKR4.0B) exceed its long term liabilities (PKR292.5M).
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 123.8% to 3.2% over the past 5 years.
Debt Coverage: DOL's debt is well covered by operating cash flow (145.3%).
Interest Coverage: DOL earns more interest than it pays, so coverage of interest payments is not a concern.