Highnoon Laboratories Balance Sheet Health
Financial Health criteria checks 5/6
Highnoon Laboratories has a total shareholder equity of PKR10.0B and total debt of PKR974.5M, which brings its debt-to-equity ratio to 9.7%. Its total assets and total liabilities are PKR14.7B and PKR4.7B respectively. Highnoon Laboratories's EBIT is PKR3.4B making its interest coverage ratio 67.9. It has cash and short-term investments of PKR2.4B.
Key information
9.7%
Debt to equity ratio
PK₨974.49m
Debt
| Interest coverage ratio | 67.9x |
| Cash | PK₨2.38b |
| Equity | PK₨10.04b |
| Total liabilities | PK₨4.71b |
| Total assets | PK₨14.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HINOON's short term assets (PKR10.5B) exceed its short term liabilities (PKR3.1B).
Long Term Liabilities: HINOON's short term assets (PKR10.5B) exceed its long term liabilities (PKR1.6B).
Debt to Equity History and Analysis
Debt Level: HINOON has more cash than its total debt.
Reducing Debt: HINOON's debt to equity ratio has increased from 3.2% to 9.7% over the past 5 years.
Debt Coverage: HINOON's debt is well covered by operating cash flow (173.9%).
Interest Coverage: HINOON's interest payments on its debt are well covered by EBIT (67.9x coverage).