Safe Mix Concrete Balance Sheet Health
Financial Health criteria checks 4/6
Safe Mix Concrete has a total shareholder equity of PKR308.2M and total debt of PKR192.3M, which brings its debt-to-equity ratio to 62.4%. Its total assets and total liabilities are PKR792.7M and PKR484.5M respectively. Safe Mix Concrete's EBIT is PKR285.6M making its interest coverage ratio 6.1. It has cash and short-term investments of PKR5.5M.
Key information
62.4%
Debt to equity ratio
PK₨192.34m
Debt
Interest coverage ratio | 6.1x |
Cash | PK₨5.51m |
Equity | PK₨308.19m |
Total liabilities | PK₨484.47m |
Total assets | PK₨792.65m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SMCPL's short term assets (PKR450.8M) exceed its short term liabilities (PKR385.9M).
Long Term Liabilities: SMCPL's short term assets (PKR450.8M) exceed its long term liabilities (PKR98.6M).
Debt to Equity History and Analysis
Debt Level: SMCPL's net debt to equity ratio (60.6%) is considered high.
Reducing Debt: SMCPL's debt to equity ratio has increased from 58.5% to 62.4% over the past 5 years.
Debt Coverage: SMCPL's debt is well covered by operating cash flow (43.1%).
Interest Coverage: SMCPL's interest payments on its debt are well covered by EBIT (6.1x coverage).