Artistic Denim Mills Balance Sheet Health
Financial Health criteria checks 1/6
Artistic Denim Mills has a total shareholder equity of PKR8.1B and total debt of PKR10.0B, which brings its debt-to-equity ratio to 123.8%. Its total assets and total liabilities are PKR22.2B and PKR14.1B respectively. Artistic Denim Mills's EBIT is PKR1.4B making its interest coverage ratio 1.4. It has cash and short-term investments of PKR575.8M.
Key information
123.8%
Debt to equity ratio
PK₨10.03b
Debt
| Interest coverage ratio | 1.4x |
| Cash | PK₨575.75m |
| Equity | PK₨8.10b |
| Total liabilities | PK₨14.12b |
| Total assets | PK₨22.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ADMM's short term assets (PKR10.5B) do not cover its short term liabilities (PKR11.1B).
Long Term Liabilities: ADMM's short term assets (PKR10.5B) exceed its long term liabilities (PKR3.0B).
Debt to Equity History and Analysis
Debt Level: ADMM's net debt to equity ratio (116.7%) is considered high.
Reducing Debt: ADMM's debt to equity ratio has increased from 68.5% to 123.8% over the past 5 years.
Debt Coverage: ADMM's debt is not well covered by operating cash flow (10.4%).
Interest Coverage: ADMM's interest payments on its debt are not well covered by EBIT (1.4x coverage).