Packages Balance Sheet Health
Financial Health criteria checks 1/6
Packages has a total shareholder equity of PKR88.3B and total debt of PKR104.9B, which brings its debt-to-equity ratio to 118.7%. Its total assets and total liabilities are PKR245.9B and PKR157.6B respectively. Packages's EBIT is PKR21.2B making its interest coverage ratio 1.3. It has cash and short-term investments of PKR2.1B.
Key information
118.7%
Debt to equity ratio
PK₨104.88b
Debt
| Interest coverage ratio | 1.3x |
| Cash | PK₨2.07b |
| Equity | PK₨88.33b |
| Total liabilities | PK₨157.57b |
| Total assets | PK₨245.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PKGS's short term assets (PKR90.0B) do not cover its short term liabilities (PKR94.9B).
Long Term Liabilities: PKGS's short term assets (PKR90.0B) exceed its long term liabilities (PKR62.7B).
Debt to Equity History and Analysis
Debt Level: PKGS's net debt to equity ratio (116.4%) is considered high.
Reducing Debt: PKGS's debt to equity ratio has increased from 64.4% to 118.7% over the past 5 years.
Debt Coverage: PKGS's debt is not well covered by operating cash flow (4.1%).
Interest Coverage: PKGS's interest payments on its debt are not well covered by EBIT (1.3x coverage).