Ittefaq Iron Industries Balance Sheet Health
Financial Health criteria checks 4/6
Ittefaq Iron Industries has a total shareholder equity of PKR4.0B and total debt of PKR1.4B, which brings its debt-to-equity ratio to 33.5%. Its total assets and total liabilities are PKR6.0B and PKR2.0B respectively.
Key information
33.5%
Debt to equity ratio
PK₨1.35b
Debt
| Interest coverage ratio | n/a |
| Cash | PK₨24.44m |
| Equity | PK₨4.04b |
| Total liabilities | PK₨1.99b |
| Total assets | PK₨6.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ITTEFAQ's short term assets (PKR3.6B) exceed its short term liabilities (PKR1.5B).
Long Term Liabilities: ITTEFAQ's short term assets (PKR3.6B) exceed its long term liabilities (PKR470.3M).
Debt to Equity History and Analysis
Debt Level: ITTEFAQ's net debt to equity ratio (32.9%) is considered satisfactory.
Reducing Debt: ITTEFAQ's debt to equity ratio has reduced from 41.7% to 33.5% over the past 5 years.
Debt Coverage: ITTEFAQ's debt is not well covered by operating cash flow (0.7%).
Interest Coverage: Insufficient data to determine if ITTEFAQ's interest payments on its debt are well covered by EBIT.