Packages Balance Sheet Health
Financial Health criteria checks 2/6
Packages has a total shareholder equity of PKR96.4B and total debt of PKR94.3B, which brings its debt-to-equity ratio to 97.8%. Its total assets and total liabilities are PKR234.8B and PKR138.4B respectively. Packages's EBIT is PKR24.3B making its interest coverage ratio 2. It has cash and short-term investments of PKR4.4B.
Key information
97.8%
Debt to equity ratio
PK₨94.29b
Debt
Interest coverage ratio | 2x |
Cash | PK₨4.36b |
Equity | PK₨96.39b |
Total liabilities | PK₨138.43b |
Total assets | PK₨234.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PKGS's short term assets (PKR84.9B) exceed its short term liabilities (PKR77.2B).
Long Term Liabilities: PKGS's short term assets (PKR84.9B) exceed its long term liabilities (PKR61.3B).
Debt to Equity History and Analysis
Debt Level: PKGS's net debt to equity ratio (93.3%) is considered high.
Reducing Debt: PKGS's debt to equity ratio has increased from 44.5% to 97.8% over the past 5 years.
Debt Coverage: PKGS's debt is not well covered by operating cash flow (13.3%).
Interest Coverage: PKGS's interest payments on its debt are not well covered by EBIT (2x coverage).