Nimir Resins Balance Sheet Health
Financial Health criteria checks 4/6
Nimir Resins has a total shareholder equity of PKR3.3B and total debt of PKR1.8B, which brings its debt-to-equity ratio to 56.1%. Its total assets and total liabilities are PKR6.3B and PKR3.1B respectively. Nimir Resins's EBIT is PKR1.1B making its interest coverage ratio 2.8. It has cash and short-term investments of PKR179.3M.
Key information
56.1%
Debt to equity ratio
PK₨1.83b
Debt
| Interest coverage ratio | 2.8x |
| Cash | PK₨179.34m |
| Equity | PK₨3.26b |
| Total liabilities | PK₨3.05b |
| Total assets | PK₨6.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NRSL's short term assets (PKR4.8B) exceed its short term liabilities (PKR2.9B).
Long Term Liabilities: NRSL's short term assets (PKR4.8B) exceed its long term liabilities (PKR154.6M).
Debt to Equity History and Analysis
Debt Level: NRSL's net debt to equity ratio (50.6%) is considered high.
Reducing Debt: NRSL's debt to equity ratio has reduced from 146.1% to 56.1% over the past 5 years.
Debt Coverage: NRSL's debt is well covered by operating cash flow (29.7%).
Interest Coverage: NRSL's interest payments on its debt are not well covered by EBIT (2.8x coverage).