Sitara Chemical Industries Balance Sheet Health
Financial Health criteria checks 1/6
Sitara Chemical Industries has a total shareholder equity of PKR18.2B and total debt of PKR14.9B, which brings its debt-to-equity ratio to 81.6%. Its total assets and total liabilities are PKR41.5B and PKR23.3B respectively. Sitara Chemical Industries's EBIT is PKR3.1B making its interest coverage ratio 1.4. It has cash and short-term investments of PKR1.1B.
Key information
81.6%
Debt to equity ratio
PK₨14.86b
Debt
| Interest coverage ratio | 1.4x |
| Cash | PK₨1.07b |
| Equity | PK₨18.21b |
| Total liabilities | PK₨23.29b |
| Total assets | PK₨41.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SITC's short term assets (PKR14.0B) do not cover its short term liabilities (PKR15.7B).
Long Term Liabilities: SITC's short term assets (PKR14.0B) exceed its long term liabilities (PKR7.6B).
Debt to Equity History and Analysis
Debt Level: SITC's net debt to equity ratio (75.7%) is considered high.
Reducing Debt: SITC's debt to equity ratio has increased from 48.5% to 81.6% over the past 5 years.
Debt Coverage: SITC's debt is not well covered by operating cash flow (5.1%).
Interest Coverage: SITC's interest payments on its debt are not well covered by EBIT (1.4x coverage).