Flying Cement Balance Sheet Health
Financial Health criteria checks 2/6
Flying Cement has a total shareholder equity of PKR12.8B and total debt of PKR5.9B, which brings its debt-to-equity ratio to 46.1%. Its total assets and total liabilities are PKR26.2B and PKR13.4B respectively. Flying Cement's EBIT is PKR34.2M making its interest coverage ratio -3. It has cash and short-term investments of PKR97.1M.
Key information
46.1%
Debt to equity ratio
PK₨5.91b
Debt
| Interest coverage ratio | -3x |
| Cash | PK₨97.14m |
| Equity | PK₨12.81b |
| Total liabilities | PK₨13.36b |
| Total assets | PK₨26.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FLYNG's short term assets (PKR2.7B) do not cover its short term liabilities (PKR9.1B).
Long Term Liabilities: FLYNG's short term assets (PKR2.7B) do not cover its long term liabilities (PKR4.3B).
Debt to Equity History and Analysis
Debt Level: FLYNG's net debt to equity ratio (45.4%) is considered high.
Reducing Debt: FLYNG's debt to equity ratio has increased from 36.3% to 46.1% over the past 5 years.
Debt Coverage: FLYNG's debt is well covered by operating cash flow (40.9%).
Interest Coverage: FLYNG earns more interest than it pays, so coverage of interest payments is not a concern.