Sitara Chemical Industries Balance Sheet Health
Financial Health criteria checks 1/6
Sitara Chemical Industries has a total shareholder equity of PKR16.8B and total debt of PKR12.7B, which brings its debt-to-equity ratio to 75.2%. Its total assets and total liabilities are PKR38.4B and PKR21.6B respectively. Sitara Chemical Industries's EBIT is PKR3.4B making its interest coverage ratio 1.8. It has cash and short-term investments of PKR1.0B.
Key information
75.2%
Debt to equity ratio
PK₨12.67b
Debt
Interest coverage ratio | 1.8x |
Cash | PK₨1.02b |
Equity | PK₨16.84b |
Total liabilities | PK₨21.56b |
Total assets | PK₨38.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SITC's short term assets (PKR13.6B) do not cover its short term liabilities (PKR15.5B).
Long Term Liabilities: SITC's short term assets (PKR13.6B) exceed its long term liabilities (PKR6.1B).
Debt to Equity History and Analysis
Debt Level: SITC's net debt to equity ratio (69.2%) is considered high.
Reducing Debt: SITC's debt to equity ratio has increased from 57.6% to 75.2% over the past 5 years.
Debt Coverage: SITC's debt is not well covered by operating cash flow (14.2%).
Interest Coverage: SITC's interest payments on its debt are not well covered by EBIT (1.8x coverage).