Nimir Industrial Chemicals Balance Sheet Health
Financial Health criteria checks 2/6
Nimir Industrial Chemicals has a total shareholder equity of PKR10.3B and total debt of PKR22.0B, which brings its debt-to-equity ratio to 213.9%. Its total assets and total liabilities are PKR37.2B and PKR26.9B respectively. Nimir Industrial Chemicals's EBIT is PKR7.4B making its interest coverage ratio 2. It has cash and short-term investments of PKR479.7M.
Key information
213.9%
Debt to equity ratio
PK₨22.03b
Debt
| Interest coverage ratio | 2x |
| Cash | PK₨479.74m |
| Equity | PK₨10.30b |
| Total liabilities | PK₨26.92b |
| Total assets | PK₨37.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NICL's short term assets (PKR22.8B) exceed its short term liabilities (PKR20.2B).
Long Term Liabilities: NICL's short term assets (PKR22.8B) exceed its long term liabilities (PKR6.7B).
Debt to Equity History and Analysis
Debt Level: NICL's net debt to equity ratio (209.2%) is considered high.
Reducing Debt: NICL's debt to equity ratio has increased from 139.2% to 213.9% over the past 5 years.
Debt Coverage: NICL's debt is not well covered by operating cash flow (6.2%).
Interest Coverage: NICL's interest payments on its debt are not well covered by EBIT (2x coverage).