Lucky Cement Balance Sheet Health
Financial Health criteria checks 4/6
Lucky Cement has a total shareholder equity of PKR310.6B and total debt of PKR205.6B, which brings its debt-to-equity ratio to 66.2%. Its total assets and total liabilities are PKR659.7B and PKR349.0B respectively. Lucky Cement's EBIT is PKR96.4B making its interest coverage ratio 2.6. It has cash and short-term investments of PKR86.9B.
Key information
66.2%
Debt to equity ratio
PK₨205.61b
Debt
| Interest coverage ratio | 2.6x |
| Cash | PK₨86.86b |
| Equity | PK₨310.63b |
| Total liabilities | PK₨349.03b |
| Total assets | PK₨659.66b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LUCK's short term assets (PKR275.1B) exceed its short term liabilities (PKR184.4B).
Long Term Liabilities: LUCK's short term assets (PKR275.1B) exceed its long term liabilities (PKR164.7B).
Debt to Equity History and Analysis
Debt Level: LUCK's net debt to equity ratio (38.2%) is considered satisfactory.
Reducing Debt: LUCK's debt to equity ratio has increased from 37.2% to 66.2% over the past 5 years.
Debt Coverage: LUCK's debt is well covered by operating cash flow (26.6%).
Interest Coverage: LUCK's interest payments on its debt are not well covered by EBIT (2.6x coverage).