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EPCL Engro Polymer & Chemicals Limited

Latest results: FY2025 · Dec 2025 Q2 FY2026 · Apr – Jun 2026

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Last close · 16 Oct 2026

Rs 31.77 -0.25%

Annual · FY2006 – FY2025

Engro Polymer & Chemicals Limited (EPCL) balance sheet

At the end of FY2025 (Jan – Dec 2025) Engro Polymer & Chemicals Limited had total assets of Rs 117.3 bn, up 16.3% on FY2024. Current assets of Rs 55.2 bn covered current liabilities of Rs 37.9 bn 1.46 times. Total debt was Rs 56.4 bn, net debt Rs 30.4 bn. Shareholders' equity was Rs 24.2 bn (Rs 23.27 per share), 20.6% of total assets.

EPCL balance sheet (annual) (Rs bn)
Rs bn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 * Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jan – Dec 2021
Assets
Cash & short-term investments 26.0 5.1 7.6 17.4 16.4
Trade receivables 1.7 1.3 1.6 2.7 0.8
Inventories 16.1 19.4 20.3 12.9 14.6
Other current assets 0.4 1.2 1.4 1.3 0.3
Total current assets 55.2 38.9 35.0 36.4 33.4
Property, plant & equipment 61.6 61.4 54.9 47.0 40.7
Intangible assets 0.5 0.5 0.6 0.7 0.7
Long-term investments — — — 1.3 3.1
Other non-current assets — — — 0.0 —
Total non-current assets 62.1 61.9 55.6 49.0 44.5
Total assets 117.3 100.9 90.6 85.4 78.0
Liabilities
Trade payables 13.7 8.4 2.9 3.8 4.3
Short-term borrowings & current portion of debt 2.9 14.0 11.8 7.2 5.9
Total current liabilities 37.9 41.2 34.2 33.2 24.1
Long-term debt 53.5 29.5 23.5 21.7 19.9
Other non-current liabilities — — 0.0 0.6 1.8
Total non-current liabilities 55.3 31.3 26.5 24.5 23.7
Total liabilities 93.2 72.5 60.7 57.7 47.8
Equity
Share capital 9.1 9.1 9.1 9.1 9.1
Reserves & retained earnings 8.2 12.4 13.9 11.7 14.2
Equity attributable to shareholders 24.2 28.3 29.9 27.7 30.1
Non-controlling interest 0.0 0.0 0.0 0.0 0.0
Total equity 24.2 28.3 29.9 27.7 30.1
Total liabilities & equity 117.3 100.9 90.6 85.4 78.0
Key figures
Total debt 56.4 43.5 35.3 28.9 25.8
Net debt / (net cash) 30.4 38.4 27.7 11.6 9.4
Shares outstanding mn 908.9 908.9 908.9 908.9 908.9
Common equity 21.2 25.3 26.9 24.7 27.1
Book value per share (Rs) Rs 23.27 27.88 29.59 27.18 29.84
EPCL balance sheet — year-on-year change (Rs mn)
Rs mn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 * Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jan – Dec 2021
Assets
Cash & short-term investments +409.4% -32.4% -56.4% +5.9% +6.8%
Trade receivables +35.9% -22.5% -39.2% +221.1% +42.3%
Inventories -16.7% -4.7% +57.6% -12.0% +83.4%
Other current assets -64.0% -11.2% +4.5% +396.6% +135.4%
Total current assets +41.8% +11.1% -3.9% +9.0% +37.1%
Property, plant & equipment +0.4% +11.8% +17.0% +15.3% +2.1%
Intangible assets -7.7% -17.0% -9.7% -3.5% +598.1%
Long-term investments — — — -57.4% -33.6%
Other non-current assets — — — — —
Total non-current assets +0.3% +11.4% +13.5% +9.9% -0.4%
Total assets +16.3% +11.3% +6.1% +9.5% +12.8%
Liabilities
Trade payables +62.4% +192.4% -23.9% -12.6% +12.0%
Short-term borrowings & current portion of debt -79.4% +19.0% +63.2% +22.6% +101.8%
Total current liabilities -8.1% +20.4% +3.1% +37.7% +56.7%
Long-term debt +81.2% +25.7% +8.2% +9.2% -15.0%
Other non-current liabilities — — -100.0% -64.7% -39.5%
Total non-current liabilities +76.6% +18.3% +8.1% +3.2% -14.0%
Total liabilities +28.5% +19.5% +5.2% +20.6% +11.3%
Equity
Share capital 0.0% 0.0% 0.0% 0.0% 0.0%
Reserves & retained earnings -33.8% -11.2% +18.6% -17.1% +39.3%
Equity attributable to shareholders -14.8% -5.2% +7.9% -8.0% +15.3%
Non-controlling interest — — — — —
Total equity -14.8% -5.2% +7.9% -8.0% +15.3%
Total liabilities & equity +16.3% +11.3% +6.1% +9.5% +12.8%
Key figures
Total debt +29.5% +23.5% +21.9% +12.3% -2.1%
Net debt / (net cash) -21.0% +38.7% +139.1% +23.4% -14.5%
Shares outstanding — — — — —
Common equity -16.5% -5.8% +8.9% -8.9% +17.3%
Book value per share (Rs) -16.5% -5.8% +8.9% -8.9% +17.3%

Change against the previous fiscal year; shown when the earlier figure is positive.

EPCL balance sheet — common size (Rs mn)
Rs mn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 * Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jan – Dec 2021
Assets
Cash & short-term investments 22.2% 5.1% 8.3% 20.3% 21.0%
Trade receivables 1.5% 1.3% 1.8% 3.1% 1.1%
Inventories 13.7% 19.2% 22.4% 15.1% 18.8%
Other current assets 0.4% 1.2% 1.5% 1.6% 0.3%
Total current assets 47.1% 38.6% 38.6% 42.7% 42.9%
Property, plant & equipment 52.5% 60.9% 60.6% 55.0% 52.3%
Intangible assets 0.4% 0.5% 0.7% 0.8% 0.9%
Long-term investments — — — 1.5% 4.0%
Other non-current assets — — — 0.0% —
Total non-current assets 52.9% 61.4% 61.4% 57.3% 57.1%
Total assets 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities
Trade payables 11.7% 8.4% 3.2% 4.4% 5.6%
Short-term borrowings & current portion of debt 2.5% 13.9% 13.0% 8.4% 7.5%
Total current liabilities 32.3% 40.8% 37.8% 38.9% 30.9%
Long-term debt 45.6% 29.3% 25.9% 25.4% 25.5%
Other non-current liabilities — — 0.0% 0.7% 2.3%
Total non-current liabilities 47.1% 31.1% 29.2% 28.7% 30.4%
Total liabilities 79.4% 71.9% 67.0% 67.6% 61.4%
Equity
Share capital 7.7% 9.0% 10.0% 10.6% 11.7%
Reserves & retained earnings 7.0% 12.3% 15.4% 13.7% 18.2%
Equity attributable to shareholders 20.6% 28.1% 33.0% 32.4% 38.6%
Non-controlling interest 0.0% 0.0% 0.0% 0.0% 0.0%
Total equity 20.6% 28.1% 33.0% 32.4% 38.6%
Total liabilities & equity 100.0% 100.0% 100.0% 100.0% 100.0%
Key figures
Total debt 48.1% 43.2% 38.9% 33.9% 33.1%
Net debt / (net cash) 25.9% 38.1% 30.6% 13.6% 12.0%
Common equity 18.0% 25.1% 29.7% 28.9% 34.8%

Each line as a percentage of total assets.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 16 Oct 2026.

All reported line items 210
EPCL balance sheet — all reported line items (Rs bn)
Rs bn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jan – Dec 2021
Cash & Cash Equivalents 4.5 3.5 4.1 3.3 2.2
Cash & Short Term Investments 26.0 5.1 7.6 17.4 16.4
Short-Term Investments - Total 21.5 1.6 3.5 14.1 14.1
Financial Assets - Short-Term — — — — —
Derivative Financial Instruments - Hedging - Short-Term — — — — —
Loans & Receivables - Net - Short-Term 12.3 12.8 5.4 4.4 1.7
Loans & Receivables - Total 12.3 12.9 5.4 4.4 1.7
Trade Accounts & Trade Notes Receivable - Net 1.7 1.3 1.6 2.7 0.8
Trade Accounts & Trade Notes Receivable - Gross — — — — 0.8
Provision - Trade Accounts & Trade Notes Receivable — — — — 0.0
Loans - Short-Term 2.8 4.8 3.8 1.7 0.9
Income Tax - Receivables - Short-Term 7.8 6.8 — — 0.0
Receivables - Other - Total — — — — —
Derivative Financial Instruments - Hedging - Total — — — — —
Accounts & Notes Receivable - Trade - Gross - Total — — — — 0.8
Inventories - Total 16.1 19.4 20.3 12.9 14.6
Inventories - Raw Materials 12.5 12.5 13.6 9.6 10.6
Inventories - Work in Progress 0.3 0.3 0.4 0.0 0.1
Inventories - Finished Goods 3.3 5.5 5.9 3.2 4.0
Inventories - Other - Total — 1.0 0.4 — —
Prepaid Expenses - Short-Term 0.3 0.4 0.3 0.5 0.4
Investments - Total 21.5 1.6 3.5 15.4 17.2
Other Current Assets - Total 0.4 1.2 1.4 1.3 0.3
Property, Plant & Equipment - Net - Total 61.6 61.4 54.9 47.0 40.7
Property, Plant & Equipment - Gross - Total 86.7 83.3 75.4 64.5 56.1
Property, Plant & Equipment - Accumulated Depreciation & Impairment - Total 25.1 21.9 20.5 17.5 15.4
Other Current Assets 0.4 1.2 1.4 1.3 0.3
Other Assets - Total 0.4 1.2 1.4 1.3 0.3
Intangible Assets - Total - Net 0.5 0.5 0.6 0.7 0.7
Total Current Assets 55.2 38.9 35.0 36.4 33.4
Intangible Assets - excluding Goodwill - Net - Total 0.5 0.5 0.6 0.7 0.7
Investments - Long-Term — — — 1.3 3.1
Intangible Assets - Gross - Total — 0.9 0.9 0.9 0.8
Financial Assets - Long-Term — — — 1.3 3.1
Intangible Assets - excluding Goodwill - Gross — 0.9 0.9 0.9 0.8
Receivables & Loans - Long-Term 0.0 0.0 0.0 0.0 0.0
Intangible Assets - Accumulated Amortization & Impairment - Total — 0.4 0.3 0.2 0.1
Intangible Assets - excluding Goodwill - Accumulated Amortization & Impairment - Total — 0.4 0.3 0.2 0.1
Loans - Long-Term 0.0 0.0 0.0 0.0 0.0
Computer Software - Intangible Assets - Net — 0.5 0.6 0.7 0.7
Property, Plant & Equipment - excluding Assets Leased Out - Net - Total 61.6 61.4 54.9 47.0 40.7
Land & Buildings - Net 3.1 2.0 1.9 1.9 2.0
Land/Improvements - Net 0.9 0.9 0.9 0.9 1.0
Buildings - Net 2.2 1.1 1.0 1.0 1.0
Computer Software - Intangible Assets - Gross — 0.9 0.9 0.9 0.8
Plant, Machinery & Equipment - Net 54.2 35.4 32.1 31.9 28.9
Transportation Equipment - Net 0.5 0.5 0.2 0.3 0.3
Construction in Progress - Net 2.6 22.5 18.9 10.7 7.1
Property, Plant & Equipment - Under Capital Lease - Net — — — — —
Right of Use Tangible Assets - Total - Net 0.2 0.7 1.2 1.7 2.0
Right of Use Tangible Assets - Capital/Finance Lease - Net 0.2 0.7 1.2 1.7 2.0
Property, Plant & Equipment - Other - Net 1.6 0.8 0.7 0.7 0.7
Computer Software - Intangible Assets - Accumulated Amortization & Impairment — 0.4 0.3 0.2 0.1
Property, Plant & Equipment - excluding Assets Leased Out - Gross 86.7 83.3 75.4 64.5 56.1
Land & Buildings - Gross 4.0 2.7 2.5 2.4 2.4
Land/Improvements - Gross 1.2 1.2 1.2 1.2 1.2
Buildings - Gross 2.8 1.5 1.3 1.2 1.3
Plant, Machinery & Equipment - Gross 77.3 55.6 51.2 48.3 43.2
Transportation Equipment - Gross 0.8 0.7 0.4 0.4 0.4
Construction in Progress - Gross 2.6 22.5 18.9 10.7 7.1
Property, Plant & Equipment - Under Capital Lease - Gross — — — — —
Right of Use Tangible Assets - Total - Gross 0.2 0.7 1.2 1.7 2.0
Total Assets 117.3 100.9 90.6 85.4 78.0
Right of Use Tangible Assets - Capital/Finance Lease - Gross 0.2 0.7 1.2 1.7 2.0
Property, Plant & Equipment - Other - Gross 2.7 1.7 1.6 1.5 1.3
Debt - Total 56.4 43.5 35.3 28.9 25.8
Short-Term Debt & Current Portion of Long-Term Debt 2.9 14.0 11.8 7.2 5.9
Property, Plant & Equipment - excluding Assets Leased Out - Accumulated Depreciation & Impairment - Total 25.1 21.9 20.5 17.5 15.4
Land & Buildings - Accumulated Depreciation & Impairment 0.9 0.7 0.6 0.5 0.4
Land/Improvements - Accumulated Depreciation & Impairment 0.3 0.3 0.2 0.2 0.2
Buildings - Accumulated Depreciation & Impairment 0.6 0.4 0.3 0.3 0.3
Current Portion of Long-Term Debt including Capitalized Leases 2.2 2.2 4.2 6.7 5.4
Plant, Machinery & Equipment - Accumulated Depreciation & Impairment 23.1 20.3 19.1 16.3 14.3
Transportation Equipment - Accumulated Depreciation & Impairment 0.4 0.3 0.2 0.2 0.1
Capitalized Leases - Current Portion 0.2 0.9 1.2 1.9 1.5
Short-Term Debt & Notes Payable 0.7 11.8 7.5 0.5 0.5
Debt - Long-Term - Total 53.5 29.5 23.5 21.7 19.9
Property, Plant & Equipment - Under Capital Lease - Accumulated Depreciation & Impairment — — — — —
Right of Use Tangible Assets - Total/Unspecified - Accumulated Depreciation — — — — —
Right of Use Tangible Assets - Capital/Finance Lease - Accumulated Depreciation — — — — —
Property, Plant & Equipment - Other - Accumulated Depreciation & Impairment 1.2 0.9 0.8 0.7 0.6
Current Portion of Long-Term Debt excluding Capitalized Leases 2.0 1.3 3.1 4.8 3.9
Capitalized Lease Obligations - Long-Term 0.2 0.4 1.4 1.9 2.7
Long-Term Debt excluding Capitalized Leases 53.3 29.1 22.1 19.8 17.2
Other Non-Current Assets - Total — — — 0.0 —
Debt - Non-Convertible - Long-Term 53.3 29.1 22.1 19.8 17.2
Dividends Payable 0.3 0.3 0.7 1.2 1.0
Deferred Tax - Asset - Long-Term — — — — —
Deferred Tax & Investment Tax Credits - Long-Term 1.8 1.8 3.0 2.1 2.0
Deferred Tax - Liability - Long-Term 1.8 1.8 3.0 2.1 2.0
Payables & Accrued Expenses 23.5 17.4 12.5 10.8 9.6
Trade Account Payables - Total 13.7 8.4 2.9 3.8 4.3
Other Non-Current Assets — — — — —
Accrued Expenses 9.7 8.9 9.6 7.0 5.3
Derivative Liabilities - Hedging — — — — —
Total Liabilities 93.2 72.5 60.7 57.7 47.8
Shareholders' Equity - Attributable to Parent Shareholders - Total 24.2 28.3 29.9 27.7 30.1
Total Non-Current Assets 62.1 61.9 55.6 49.0 44.5
Common Equity Attributable to Parent Shareholders 21.2 25.3 26.9 24.7 27.1
Common Equity - Contributed 13.0 13.0 13.0 13.0 13.0
Common Stock - Issued & Paid 9.1 9.1 9.1 9.1 9.1
Equity - Non-Contributed - Reserves & Retained Earnings 8.2 12.4 13.9 11.7 14.2
Retained Earnings - Total 7.4 11.4 12.6 11.2 14.0
Trade Accounts Payable & Accruals - Short-Term 23.5 17.4 12.5 10.8 9.6
Comprehensive Income - Accumulated - Total — — — — —
Trade Accounts & Trade Notes Payable - Short-Term 13.7 8.4 2.9 3.8 4.3
Accrued Expenses - Short-Term 9.7 8.9 9.6 7.0 5.3
Other Reserves/Equity - Total 0.8 1.0 1.3 0.6 0.2
Derivative Liabilities - Hedging - Short-Term — — — — —
Income Taxes - Payable - Short-Term — 0.0 0.2 2.9 1.0
Dividends/Distributions Payable 0.3 0.3 0.7 1.2 1.0
Other Current Liabilities - Total 11.3 9.5 9.1 11.1 6.6
Common Equity - Total 21.2 25.3 26.9 24.7 27.1
Deferred Income - Short-Term 0.2 0.2 0.2 0.1 0.0
Security Deposits 0.0 0.0 0.0 0.0 0.0
Common Stock - Additional Paid in Capital including Option Reserve 3.9 3.9 3.9 3.9 3.9
Customer Advances - Short-Term 3.3 2.1 1.9 4.5 2.0
Total Shareholders' Equity - including Minority Interest & Hybrid Debt 24.2 28.3 29.9 27.7 30.1
Total Liabilities & Equity 117.3 100.9 90.6 85.4 78.0
Provisions - Short-Term 7.1 6.1 6.1 6.0 4.1
Other Current Liabilities 0.6 1.1 0.9 0.5 0.5
Total Current Liabilities 37.9 41.2 34.2 33.2 24.1
Derivative Liabilities - Hedging - Long-Term — — — — —
Other Non-Current Liabilities - Total — — 0.0 0.6 1.8
Provisions - Long-Term — — 0.0 0.6 1.8
Post Employment Benefits - Pension & Other - Long-Term — — — — —
Provisions - Other - Long-Term — — 0.0 0.6 1.8
Other Non-Current Liabilities — — — — —
Total Non-Current Liabilities 55.3 31.3 26.5 24.5 23.7
Preferred Shareholders Equity 3.0 3.0 3.0 3.0 3.0
Preferred Stock - Non-Redeemable 3.0 3.0 3.0 3.0 3.0
Preferred Stock - Convertible - Non-Redeemable 3.0 3.0 3.0 3.0 3.0
ESOP Guarantees - Preferred & Deferred Compensation — — — — —
Comprehensive Income - Pension Liabilities — — — — —
Common Shares - Issued - Total mn 908.9 908.9 908.9 908.9 908.9
Common Shares - Outstanding - Total mn 908.9 908.9 908.9 908.9 908.9
Common Shares - Treasury - Total mn 0.0 0.0 0.0 0.0 0.0
Common Shares - Authorized - Issue Specific mn 1,250.0 1,250.0 1,250.0 1,250.0 1,250.0
Common Shares - Issued - Issue Specific mn 908.9 908.9 908.9 908.9 908.9
Common Shares - Outstanding - Issue Specific mn 908.9 908.9 908.9 908.9 908.9
Common Shares - Treasury - Issue Specific mn 0.0 0.0 0.0 0.0 0.0
Asset Allocation Factor - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00×
Right of Use Tangible Assets - Total - Net - Supplemental 0.2 0.7 1.2 1.7 2.0
Right of Use Tangible Assets - Capital/Finance Lease - Net - Supplemental 0.2 0.7 1.2 1.7 2.0
Right of Use Tangible Assets - Total - Gross - Supplemental — — — — —
Right of Use Tangible Assets - Capital/Finance Lease - Gross - Supplemental — — — — —
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Net - Supplemental 61.4 60.7 53.7 45.3 38.7
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Gross - Supplemental — — — — —
Finance and Operating Lease Liabilities - Total - Supplemental 0.4 1.3 2.5 3.8 4.2
Debt including Finance and Operating Lease Liabilities - Supplemental 56.4 43.5 35.3 28.9 25.8
Net Debt 30.4 38.4 27.7 11.6 9.4
Islamic Debt - Long-Term & Short-Term — — — — —
Debt - Long-Term - Maturities - Total 79.5 44.9 43.7 25.4 21.4
Debt - Long-Term - Maturities - within 1 Year 7.7 4.6 6.5 4.8 3.9
Debt - Long-Term - Maturities - Year 5 — — — — 16.2
Debt - Long-Term - Maturities - Remaining 71.8 40.2 37.3 20.6 1.3
Capital Lease Maturities - Total 0.5 0.0 2.7 4.1 4.6
Debt - Long-Term - Maturities - 4-5 Years — — — — 16.2
Capital Lease Maturities - Due within 1 Year 0.2 0.9 1.3 1.9 1.5
Debt - Long-Term - Maturities - Year 6 & Beyond 71.8 40.2 37.3 20.6 1.3
Capital Lease Maturities - Due in Year 5 — — — — 3.0
Capital Lease Maturities - Remaining Maturities 0.2 0.5 1.4 2.2 0.1
Capital Lease Maturities - Due in 4-5 Years — — — — 3.0
Capital Lease Maturities - Due in Year 6 & Beyond 0.2 0.5 1.4 2.2 0.1
Preferred Shares - Authorized - Issue Specific mn 400.0 400.0 400.0 — —
Preferred Shares - Issued - Issue Specific mn 300.0 300.0 300.0 3.0 300.0
Preferred Shares - Outstanding - Issue Specific mn 300.0 300.0 300.0 3.0 300.0
Preferred Shares - Treasury - Issue Specific mn 0.0 0.0 0.0 0.0 0.0
Asset Accruals 112.8 97.3 86.5 82.1 75.7
Cash & Cash Equivalents - Total 4.5 3.5 4.1 3.3 2.2
Cash & Short Term Investments - Total 26.0 5.1 7.6 17.4 16.4
Debt - including Preferred Equity & Minority Interest - Total 59.4 46.5 38.3 31.9 28.8
Right of Use Tangible Assets - Total - Accumulated Depreciation - Supplemental — — — — —
Investments - Permanent — — — 1.3 3.1
Net Book Capital 54.5 66.8 57.6 39.3 39.5
Right of Use Tangible Assets - Capital/Finance Lease - Accumulated Depreciation - Supplemental — — — — —
Net Operating Assets 54.5 66.8 57.6 39.3 39.5
Provisions - Total 8.9 7.9 9.1 8.8 7.9
Shareholders Equity - Common 21.2 25.3 26.9 24.7 27.1
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Accumulated Depreciation - Supplemental — — — — —
Tangible Total Equity 23.7 27.8 29.3 27.0 29.4
Tangible Book Value 20.7 24.8 26.3 24.0 26.4
Total Book Capital 77.5 68.9 62.2 53.6 52.9
Total Capital 80.5 71.9 65.2 56.6 55.9
Total Long Term Capital 79.4 59.7 56.4 52.2 53.9
Unearned Revenue - Total 3.5 2.3 2.1 4.6 2.0
Book Value excluding Other Equity 20.4 24.3 25.6 24.1 27.0
Income Taxes - Payable - Long-Term & Short-Term — 0.0 0.2 2.9 1.0
Revolving Line of Credit - Outstanding 14.3 16.0 7.7 8.6 5.2
Revolving Line of Credit - Total Principal Amount 40.7 46.3 36.2 27.8 18.1
Accruals - Short-Term 12.8 (5.8) (3.3) (0.1) 7.1
Cash & Short Term Investments - Net of Debt (30.4) (38.4) (27.7) (11.6) (9.4)
Current Portion of Long-Term Debt including Capitalized Leases & Hybrid Financial Instruments 2.2 2.2 4.2 6.7 5.4
Total Fixed Assets - Net 62.1 61.9 55.6 49.0 44.5
Working Capital 17.3 (2.3) 0.8 3.2 9.3
Interest Bearing Liabilities - Total 56.4 43.5 35.3 28.9 25.8
Working Capital - Non-Cash (8.7) (7.4) (6.8) (14.1) (7.1)
Working Capital excluding Other Current Assets & Liabilities 28.1 6.0 8.5 13.0 15.6
Net Debt Including Preferred Equity & Minority Interest 33.4 41.4 30.7 14.6 12.4
Other Short-Term & Long-Term Assets - Total 0.4 1.2 1.4 1.3 0.3
Other Short-Term & Long-Term Liabilities - Total 11.3 9.5 9.1 11.1 6.6
Total Current Assets excluding Total Inventories 39.1 19.6 14.7 23.5 18.8
Tangible Book Value excluding Other Equity 19.9 23.8 25.0 23.4 26.3
Total Debt Excluding Islamic 56.4 43.5 35.3 28.9 25.8
Trade Accounts & Trade Notes Receivable - Net - Total 1.7 1.3 1.6 2.7 0.8
Provision for Doubtful Accounts & Notes Receivable - Total — — — — 0.0
Current Liabilities excluding Current Debt - Total 35.0 27.2 22.5 26.0 18.2
Cash in Hand & with Banks - Total 4.5 3.5 4.1 3.3 2.2
Current Assets excluding Cash & Short Term Investments - Total 29.2 33.8 27.5 19.1 17.0
Cash, Short Term Investments & Accounts Receivable - Total 27.7 6.4 9.2 20.0 17.2

Every line the company reported, in the original order and wording, without regrouping or signs changed.