Avanceon Balance Sheet Health
Financial Health criteria checks 6/6
Avanceon has a total shareholder equity of PKR12.6B and total debt of PKR792.3M, which brings its debt-to-equity ratio to 6.3%. Its total assets and total liabilities are PKR23.9B and PKR11.3B respectively. Avanceon's EBIT is PKR4.2B making its interest coverage ratio 13.6. It has cash and short-term investments of PKR901.9M.
Key information
6.3%
Debt to equity ratio
PK₨792.25m
Debt
| Interest coverage ratio | 13.6x |
| Cash | PK₨901.91m |
| Equity | PK₨12.60b |
| Total liabilities | PK₨11.34b |
| Total assets | PK₨23.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AVN's short term assets (PKR16.9B) exceed its short term liabilities (PKR10.7B).
Long Term Liabilities: AVN's short term assets (PKR16.9B) exceed its long term liabilities (PKR671.7M).
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 14.7% to 6.3% over the past 5 years.
Debt Coverage: AVN's debt is well covered by operating cash flow (125%).
Interest Coverage: AVN's interest payments on its debt are well covered by EBIT (13.6x coverage).