Synthetic Products Enterprises Balance Sheet Health
Financial Health criteria checks 6/6
Synthetic Products Enterprises has a total shareholder equity of PKR4.7B and total debt of PKR818.1M, which brings its debt-to-equity ratio to 17.3%. Its total assets and total liabilities are PKR6.8B and PKR2.1B respectively. Synthetic Products Enterprises's EBIT is PKR1.0B making its interest coverage ratio 11.3. It has cash and short-term investments of PKR611.5M.
Key information
17.3%
Debt to equity ratio
PK₨818.13m
Debt
Interest coverage ratio | 11.3x |
Cash | PK₨611.49m |
Equity | PK₨4.72b |
Total liabilities | PK₨2.11b |
Total assets | PK₨6.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPEL's short term assets (PKR2.6B) exceed its short term liabilities (PKR1.1B).
Long Term Liabilities: SPEL's short term assets (PKR2.6B) exceed its long term liabilities (PKR999.9M).
Debt to Equity History and Analysis
Debt Level: SPEL's net debt to equity ratio (4.4%) is considered satisfactory.
Reducing Debt: SPEL's debt to equity ratio has reduced from 36% to 17.3% over the past 5 years.
Debt Coverage: SPEL's debt is well covered by operating cash flow (138.7%).
Interest Coverage: SPEL's interest payments on its debt are well covered by EBIT (11.3x coverage).