Avanceon Balance Sheet Health
Financial Health criteria checks 5/6
Avanceon has a total shareholder equity of PKR15.1B and total debt of PKR1.3B, which brings its debt-to-equity ratio to 8.9%. Its total assets and total liabilities are PKR26.5B and PKR11.4B respectively. Avanceon's EBIT is PKR2.0B making its interest coverage ratio 16.7. It has cash and short-term investments of PKR1.8B.
Key information
8.9%
Debt to equity ratio
PK₨1.34b
Debt
Interest coverage ratio | 16.7x |
Cash | PK₨1.76b |
Equity | PK₨15.11b |
Total liabilities | PK₨11.40b |
Total assets | PK₨26.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AVN's short term assets (PKR20.0B) exceed its short term liabilities (PKR10.8B).
Long Term Liabilities: AVN's short term assets (PKR20.0B) exceed its long term liabilities (PKR644.6M).
Debt to Equity History and Analysis
Debt Level: AVN has more cash than its total debt.
Reducing Debt: AVN's debt to equity ratio has reduced from 10.2% to 8.9% over the past 5 years.
Debt Coverage: AVN's debt is not well covered by operating cash flow (9.2%).
Interest Coverage: AVN's interest payments on its debt are well covered by EBIT (16.7x coverage).