Flying Cement Balance Sheet Health
Financial Health criteria checks 2/6
Flying Cement has a total shareholder equity of PKR12.5B and total debt of PKR6.8B, which brings its debt-to-equity ratio to 54.8%. Its total assets and total liabilities are PKR25.3B and PKR12.8B respectively. Flying Cement's EBIT is PKR513.2M making its interest coverage ratio 2.6. It has cash and short-term investments of PKR43.6M.
Key information
54.8%
Debt to equity ratio
PK₨6.83b
Debt
Interest coverage ratio | 2.6x |
Cash | PK₨43.56m |
Equity | PK₨12.46b |
Total liabilities | PK₨12.80b |
Total assets | PK₨25.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FLYNG's short term assets (PKR2.5B) do not cover its short term liabilities (PKR7.2B).
Long Term Liabilities: FLYNG's short term assets (PKR2.5B) do not cover its long term liabilities (PKR5.6B).
Debt to Equity History and Analysis
Debt Level: FLYNG's net debt to equity ratio (54.5%) is considered high.
Reducing Debt: FLYNG's debt to equity ratio has reduced from 89.4% to 54.8% over the past 5 years.
Debt Coverage: FLYNG's debt is well covered by operating cash flow (33.2%).
Interest Coverage: FLYNG's interest payments on its debt are not well covered by EBIT (2.6x coverage).