Ahmad Hassan Textile Mills Balance Sheet Health
Financial Health criteria checks 4/6
Ahmad Hassan Textile Mills has a total shareholder equity of PKR1.8B and total debt of PKR761.4M, which brings its debt-to-equity ratio to 41.6%. Its total assets and total liabilities are PKR3.5B and PKR1.7B respectively. Ahmad Hassan Textile Mills's EBIT is PKR175.9M making its interest coverage ratio 1.9. It has cash and short-term investments of PKR43.0M.
Key information
41.6%
Debt to equity ratio
PK₨761.40m
Debt
| Interest coverage ratio | 1.9x |
| Cash | PK₨42.96m |
| Equity | PK₨1.83b |
| Total liabilities | PK₨1.69b |
| Total assets | PK₨3.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AHTM's short term assets (PKR1.8B) exceed its short term liabilities (PKR1.3B).
Long Term Liabilities: AHTM's short term assets (PKR1.8B) exceed its long term liabilities (PKR399.3M).
Debt to Equity History and Analysis
Debt Level: AHTM's net debt to equity ratio (39.3%) is considered satisfactory.
Reducing Debt: AHTM's debt to equity ratio has reduced from 126.2% to 41.6% over the past 5 years.
Debt Coverage: AHTM's debt is not well covered by operating cash flow (13.3%).
Interest Coverage: AHTM's interest payments on its debt are not well covered by EBIT (1.9x coverage).