Flying Cement Company Limited

KASE:FLYNG Stock Report

Market Cap: PK₨21.4b

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
CashPK₨97.14m
EquityPK₨12.81b
Total liabilitiesPK₨13.36b
Total assetsPK₨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.


Balance Sheet


Discover healthy companies