Nimir Industrial Chemicals Balance Sheet Health
Financial Health criteria checks 2/6
Nimir Industrial Chemicals has a total shareholder equity of PKR8.4B and total debt of PKR18.0B, which brings its debt-to-equity ratio to 215.3%. Its total assets and total liabilities are PKR31.3B and PKR22.9B respectively. Nimir Industrial Chemicals's EBIT is PKR4.8B making its interest coverage ratio 1.3. It has cash and short-term investments of PKR303.2M.
Key information
215.3%
Debt to equity ratio
PK₨18.00b
Debt
| Interest coverage ratio | 1.3x |
| Cash | PK₨303.17m |
| Equity | PK₨8.36b |
| Total liabilities | PK₨22.93b |
| Total assets | PK₨31.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NICL's short term assets (PKR17.6B) exceed its short term liabilities (PKR16.8B).
Long Term Liabilities: NICL's short term assets (PKR17.6B) exceed its long term liabilities (PKR6.1B).
Debt to Equity History and Analysis
Debt Level: NICL's net debt to equity ratio (211.7%) is considered high.
Reducing Debt: NICL's debt to equity ratio has increased from 136% to 215.3% over the past 5 years.
Debt Coverage: NICL's debt is not well covered by operating cash flow (8.3%).
Interest Coverage: NICL's interest payments on its debt are not well covered by EBIT (1.3x coverage).