Millat Tractors Balance Sheet Health
Financial Health criteria checks 4/6
Millat Tractors has a total shareholder equity of PKR9.7B and total debt of PKR9.2B, which brings its debt-to-equity ratio to 94.5%. Its total assets and total liabilities are PKR37.0B and PKR27.3B respectively. Millat Tractors's EBIT is PKR18.0B making its interest coverage ratio 18.3. It has cash and short-term investments of PKR2.5B.
Key information
94.5%
Debt to equity ratio
PK₨9.19b
Debt
Interest coverage ratio | 18.3x |
Cash | PK₨2.47b |
Equity | PK₨9.72b |
Total liabilities | PK₨27.31b |
Total assets | PK₨37.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MTL's short term assets (PKR28.8B) exceed its short term liabilities (PKR25.4B).
Long Term Liabilities: MTL's short term assets (PKR28.8B) exceed its long term liabilities (PKR1.9B).
Debt to Equity History and Analysis
Debt Level: MTL's net debt to equity ratio (69.1%) is considered high.
Reducing Debt: MTL's debt to equity ratio has increased from 17.4% to 94.5% over the past 5 years.
Debt Coverage: MTL's debt is well covered by operating cash flow (103.9%).
Interest Coverage: MTL's interest payments on its debt are well covered by EBIT (18.3x coverage).