Merit Packaging Balance Sheet Health
Financial Health criteria checks 4/6
Merit Packaging has a total shareholder equity of PKR2.9B and total debt of PKR983.8M, which brings its debt-to-equity ratio to 34.1%. Its total assets and total liabilities are PKR5.6B and PKR2.7B respectively. Merit Packaging's EBIT is PKR153.1M making its interest coverage ratio 0.5. It has cash and short-term investments of PKR15.5M.
Key information
34.1%
Debt to equity ratio
PK₨983.84m
Debt
| Interest coverage ratio | 0.5x |
| Cash | PK₨15.50m |
| Equity | PK₨2.89b |
| Total liabilities | PK₨2.70b |
| Total assets | PK₨5.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MERIT's short term assets (PKR2.5B) exceed its short term liabilities (PKR2.4B).
Long Term Liabilities: MERIT's short term assets (PKR2.5B) exceed its long term liabilities (PKR312.7M).
Debt to Equity History and Analysis
Debt Level: MERIT's net debt to equity ratio (33.5%) is considered satisfactory.
Reducing Debt: MERIT's debt to equity ratio has reduced from 309.8% to 34.1% 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: MERIT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MERIT has less than a year of cash runway if free cash flow continues to grow at historical rates of 38.8% each year.