Merit Packaging Balance Sheet Health
Financial Health criteria checks 5/6
Merit Packaging has a total shareholder equity of PKR3.1B and total debt of PKR2.3B, which brings its debt-to-equity ratio to 73.9%. Its total assets and total liabilities are PKR7.0B and PKR3.9B respectively. Merit Packaging's EBIT is PKR314.2M making its interest coverage ratio 0.8. It has cash and short-term investments of PKR2.5M.
Key information
73.9%
Debt to equity ratio
PK₨2.29b
Debt
| Interest coverage ratio | 0.8x |
| Cash | PK₨2.49m |
| Equity | PK₨3.10b |
| Total liabilities | PK₨3.95b |
| Total assets | PK₨7.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MERIT's short term assets (PKR4.1B) exceed its short term liabilities (PKR2.6B).
Long Term Liabilities: MERIT's short term assets (PKR4.1B) exceed its long term liabilities (PKR1.3B).
Debt to Equity History and Analysis
Debt Level: MERIT's net debt to equity ratio (73.9%) is considered high.
Reducing Debt: MERIT's debt to equity ratio has reduced from 251.1% to 73.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable MERIT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MERIT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 36.2% per year.