Wah Nobel Chemicals Balance Sheet Health
Financial Health criteria checks 5/6
Wah Nobel Chemicals has a total shareholder equity of PKR1.6B and total debt of PKR377.9M, which brings its debt-to-equity ratio to 23.4%. Its total assets and total liabilities are PKR2.4B and PKR799.9M respectively. Wah Nobel Chemicals's EBIT is PKR548.5M making its interest coverage ratio 6. It has cash and short-term investments of PKR103.9M.
Key information
23.4%
Debt to equity ratio
PK₨377.92m
Debt
Interest coverage ratio | 6x |
Cash | PK₨103.87m |
Equity | PK₨1.62b |
Total liabilities | PK₨799.87m |
Total assets | PK₨2.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WAHN's short term assets (PKR2.0B) exceed its short term liabilities (PKR747.8M).
Long Term Liabilities: WAHN's short term assets (PKR2.0B) exceed its long term liabilities (PKR52.1M).
Debt to Equity History and Analysis
Debt Level: WAHN's net debt to equity ratio (16.9%) is considered satisfactory.
Reducing Debt: WAHN's debt to equity ratio has increased from 7% to 23.4% over the past 5 years.
Debt Coverage: WAHN's debt is well covered by operating cash flow (137.7%).
Interest Coverage: WAHN's interest payments on its debt are well covered by EBIT (6x coverage).