Pioneer Cement Balance Sheet Health
Financial Health criteria checks 4/6
Pioneer Cement has a total shareholder equity of PKR44.3B and total debt of PKR13.3B, which brings its debt-to-equity ratio to 30%. Its total assets and total liabilities are PKR86.4B and PKR42.2B respectively. Pioneer Cement's EBIT is PKR10.2B making its interest coverage ratio 3.4. It has cash and short-term investments of PKR354.4M.
Key information
30.0%
Debt to equity ratio
PK₨13.26b
Debt
Interest coverage ratio | 3.4x |
Cash | PK₨354.40m |
Equity | PK₨44.26b |
Total liabilities | PK₨42.17b |
Total assets | PK₨86.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PIOC's short term assets (PKR8.5B) do not cover its short term liabilities (PKR15.5B).
Long Term Liabilities: PIOC's short term assets (PKR8.5B) do not cover its long term liabilities (PKR26.7B).
Debt to Equity History and Analysis
Debt Level: PIOC's net debt to equity ratio (29.2%) is considered satisfactory.
Reducing Debt: PIOC's debt to equity ratio has reduced from 140.7% to 30% over the past 5 years.
Debt Coverage: PIOC's debt is well covered by operating cash flow (86%).
Interest Coverage: PIOC's interest payments on its debt are well covered by EBIT (3.4x coverage).