Ghani Global Glass Balance Sheet Health
Financial Health criteria checks 4/6
Ghani Global Glass has a total shareholder equity of PKR2.6B and total debt of PKR1.1B, which brings its debt-to-equity ratio to 43.1%. Its total assets and total liabilities are PKR5.3B and PKR2.7B respectively. Ghani Global Glass's EBIT is PKR441.4M making its interest coverage ratio 1.1. It has cash and short-term investments of PKR111.8M.
Key information
43.1%
Debt to equity ratio
PK₨1.13b
Debt
| Interest coverage ratio | 1.1x |
| Cash | PK₨111.78m |
| Equity | PK₨2.62b |
| Total liabilities | PK₨2.68b |
| Total assets | PK₨5.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GGGL's short term assets (PKR2.8B) exceed its short term liabilities (PKR2.3B).
Long Term Liabilities: GGGL's short term assets (PKR2.8B) exceed its long term liabilities (PKR385.1M).
Debt to Equity History and Analysis
Debt Level: GGGL's net debt to equity ratio (38.8%) is considered satisfactory.
Reducing Debt: GGGL's debt to equity ratio has reduced from 74% to 43.1% over the past 5 years.
Debt Coverage: GGGL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GGGL's interest payments on its debt are not well covered by EBIT (1.1x coverage).