Ittehad Chemicals Balance Sheet Health
Financial Health criteria checks 6/6
Ittehad Chemicals has a total shareholder equity of PKR8.8B and total debt of PKR3.9B, which brings its debt-to-equity ratio to 44.1%. Its total assets and total liabilities are PKR17.2B and PKR8.4B respectively. Ittehad Chemicals's EBIT is PKR3.3B making its interest coverage ratio 5.7. It has cash and short-term investments of PKR459.2M.
Key information
44.1%
Debt to equity ratio
PK₨3.88b
Debt
Interest coverage ratio | 5.7x |
Cash | PK₨459.18m |
Equity | PK₨8.80b |
Total liabilities | PK₨8.43b |
Total assets | PK₨17.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ICL's short term assets (PKR7.5B) exceed its short term liabilities (PKR6.9B).
Long Term Liabilities: ICL's short term assets (PKR7.5B) exceed its long term liabilities (PKR1.6B).
Debt to Equity History and Analysis
Debt Level: ICL's net debt to equity ratio (38.9%) is considered satisfactory.
Reducing Debt: ICL's debt to equity ratio has reduced from 76.3% to 44.1% over the past 5 years.
Debt Coverage: ICL's debt is well covered by operating cash flow (27.8%).
Interest Coverage: ICL's interest payments on its debt are well covered by EBIT (5.7x coverage).