Netsol Technologies Balance Sheet Health
Financial Health criteria checks 4/6
Netsol Technologies has a total shareholder equity of PKR9.6B and total debt of PKR1.7B, which brings its debt-to-equity ratio to 17.2%. Its total assets and total liabilities are PKR12.2B and PKR2.6B respectively. Netsol Technologies's EBIT is PKR677.8M making its interest coverage ratio -29.4. It has cash and short-term investments of PKR3.0B.
Key information
17.2%
Debt to equity ratio
PK₨1.65b
Debt
Interest coverage ratio | -29.4x |
Cash | PK₨3.02b |
Equity | PK₨9.61b |
Total liabilities | PK₨2.63b |
Total assets | PK₨12.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NETSOL's short term assets (PKR10.9B) exceed its short term liabilities (PKR2.6B).
Long Term Liabilities: NETSOL's short term assets (PKR10.9B) exceed its long term liabilities (PKR28.1M).
Debt to Equity History and Analysis
Debt Level: NETSOL has more cash than its total debt.
Reducing Debt: NETSOL's debt to equity ratio has increased from 14.7% to 17.2% over the past 5 years.
Debt Coverage: NETSOL's debt is not well covered by operating cash flow (4.6%).
Interest Coverage: NETSOL earns more interest than it pays, so coverage of interest payments is not a concern.