Nimir Resins Balance Sheet Health
Financial Health criteria checks 3/6
Nimir Resins has a total shareholder equity of PKR3.2B and total debt of PKR1.8B, which brings its debt-to-equity ratio to 57.7%. Its total assets and total liabilities are PKR6.5B and PKR3.3B respectively. Nimir Resins's EBIT is PKR781.9M making its interest coverage ratio 1.7. It has cash and short-term investments of PKR52.4M.
Key information
57.7%
Debt to equity ratio
PK₨1.84b
Debt
| Interest coverage ratio | 1.7x |
| Cash | PK₨52.44m |
| Equity | PK₨3.19b |
| Total liabilities | PK₨3.28b |
| Total assets | PK₨6.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NRSL's short term assets (PKR5.2B) exceed its short term liabilities (PKR3.1B).
Long Term Liabilities: NRSL's short term assets (PKR5.2B) exceed its long term liabilities (PKR171.0M).
Debt to Equity History and Analysis
Debt Level: NRSL's net debt to equity ratio (56%) is considered high.
Reducing Debt: NRSL's debt to equity ratio has reduced from 122.5% to 57.7% over the past 5 years.
Debt Coverage: NRSL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NRSL's interest payments on its debt are not well covered by EBIT (1.7x coverage).