Ghani Global Glass Balance Sheet Health
Financial Health criteria checks 4/6
Ghani Global Glass has a total shareholder equity of PKR2.4B and total debt of PKR1.2B, which brings its debt-to-equity ratio to 50.2%. Its total assets and total liabilities are PKR4.5B and PKR2.1B respectively. Ghani Global Glass's EBIT is PKR323.5M making its interest coverage ratio 1.6. It has cash and short-term investments of PKR73.1M.
Key information
50.2%
Debt to equity ratio
PK₨1.21b
Debt
Interest coverage ratio | 1.6x |
Cash | PK₨73.14m |
Equity | PK₨2.41b |
Total liabilities | PK₨2.08b |
Total assets | PK₨4.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GGGL's short term assets (PKR1.9B) exceed its short term liabilities (PKR1.6B).
Long Term Liabilities: GGGL's short term assets (PKR1.9B) exceed its long term liabilities (PKR469.0M).
Debt to Equity History and Analysis
Debt Level: GGGL's net debt to equity ratio (47.2%) is considered high.
Reducing Debt: GGGL's debt to equity ratio has reduced from 68.1% to 50.2% over the past 5 years.
Debt Coverage: GGGL's debt is well covered by operating cash flow (32.6%).
Interest Coverage: GGGL's interest payments on its debt are not well covered by EBIT (1.6x coverage).