Pakistan Synthetics Balance Sheet Health
Financial Health criteria checks 3/6
Pakistan Synthetics has a total shareholder equity of PKR4.4B and total debt of PKR5.0B, which brings its debt-to-equity ratio to 114.4%. Its total assets and total liabilities are PKR12.1B and PKR7.7B respectively. Pakistan Synthetics's EBIT is PKR1.6B making its interest coverage ratio 1.9. It has cash and short-term investments of PKR60.9M.
Key information
114.4%
Debt to equity ratio
PK₨4.99b
Debt
| Interest coverage ratio | 1.9x |
| Cash | PK₨60.93m |
| Equity | PK₨4.36b |
| Total liabilities | PK₨7.69b |
| Total assets | PK₨12.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PSYL's short term assets (PKR7.7B) exceed its short term liabilities (PKR7.1B).
Long Term Liabilities: PSYL's short term assets (PKR7.7B) exceed its long term liabilities (PKR559.1M).
Debt to Equity History and Analysis
Debt Level: PSYL's net debt to equity ratio (113%) is considered high.
Reducing Debt: PSYL's debt to equity ratio has reduced from 251% to 114.4% 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 not well covered by EBIT (1.9x coverage).