Synthetic Products Enterprises Balance Sheet Health
Financial Health criteria checks 6/6
Synthetic Products Enterprises has a total shareholder equity of PKR5.4B and total debt of PKR821.7M, which brings its debt-to-equity ratio to 15.2%. Its total assets and total liabilities are PKR7.6B and PKR2.2B respectively. Synthetic Products Enterprises's EBIT is PKR1.2B making its interest coverage ratio 21.2. It has cash and short-term investments of PKR527.3M.
Key information
15.2%
Debt to equity ratio
PK₨821.71m
Debt
| Interest coverage ratio | 21.2x |
| Cash | PK₨527.33m |
| Equity | PK₨5.41b |
| Total liabilities | PK₨2.18b |
| Total assets | PK₨7.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPEL's short term assets (PKR3.4B) exceed its short term liabilities (PKR1.4B).
Long Term Liabilities: SPEL's short term assets (PKR3.4B) exceed its long term liabilities (PKR827.3M).
Debt to Equity History and Analysis
Debt Level: SPEL's net debt to equity ratio (5.4%) is considered satisfactory.
Reducing Debt: SPEL's debt to equity ratio has reduced from 21.1% to 15.2% over the past 5 years.
Debt Coverage: SPEL's debt is well covered by operating cash flow (20.1%).
Interest Coverage: SPEL's interest payments on its debt are well covered by EBIT (21.2x coverage).