Pakistan Synthetics Balance Sheet Health
Financial Health criteria checks 4/6
Pakistan Synthetics has a total shareholder equity of PKR4.1B and total debt of PKR3.8B, which brings its debt-to-equity ratio to 91.7%. Its total assets and total liabilities are PKR11.3B and PKR7.2B respectively. Pakistan Synthetics's EBIT is PKR1.8B making its interest coverage ratio 3. It has cash and short-term investments of PKR39.9M.
Key information
91.7%
Debt to equity ratio
PK₨3.78b
Debt
| Interest coverage ratio | 3x |
| Cash | PK₨39.86m |
| Equity | PK₨4.13b |
| Total liabilities | PK₨7.16b |
| Total assets | PK₨11.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PSYL's short term assets (PKR6.7B) exceed its short term liabilities (PKR6.3B).
Long Term Liabilities: PSYL's short term assets (PKR6.7B) exceed its long term liabilities (PKR903.0M).
Debt to Equity History and Analysis
Debt Level: PSYL's net debt to equity ratio (90.7%) is considered high.
Reducing Debt: PSYL's debt to equity ratio has reduced from 152.4% to 91.7% over the past 5 years.
Debt Coverage: PSYL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PSYL's interest payments on its debt are well covered by EBIT (3x coverage).