Pioneer Cement Balance Sheet Health
Financial Health criteria checks 4/6
Pioneer Cement has a total shareholder equity of PKR46.7B and total debt of PKR9.0B, which brings its debt-to-equity ratio to 19.3%. Its total assets and total liabilities are PKR84.8B and PKR38.2B respectively. Pioneer Cement's EBIT is PKR10.4B making its interest coverage ratio 4.5. It has cash and short-term investments of PKR736.4M.
Key information
19.3%
Debt to equity ratio
PK₨9.03b
Debt
| Interest coverage ratio | 4.5x |
| Cash | PK₨736.36m |
| Equity | PK₨46.69b |
| Total liabilities | PK₨38.15b |
| Total assets | PK₨84.85b |
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 (PKR13.6B).
Long Term Liabilities: PIOC's short term assets (PKR8.5B) do not cover its long term liabilities (PKR24.5B).
Debt to Equity History and Analysis
Debt Level: PIOC's net debt to equity ratio (17.8%) is considered satisfactory.
Reducing Debt: PIOC's debt to equity ratio has reduced from 176.4% to 19.3% over the past 5 years.
Debt Coverage: PIOC's debt is well covered by operating cash flow (138.9%).
Interest Coverage: PIOC's interest payments on its debt are well covered by EBIT (4.5x coverage).