Ashfaq Textile Mills Balance Sheet Health
Financial Health criteria checks 6/6
Ashfaq Textile Mills has a total shareholder equity of PKR893.3M and total debt of PKR0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are PKR1.1B and PKR219.5M respectively.
Key information
0%
Debt to equity ratio
PK₨0
Debt
Interest coverage ratio | n/a |
Cash | PK₨27.40m |
Equity | PK₨893.25m |
Total liabilities | PK₨219.52m |
Total assets | PK₨1.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ASHT's short term assets (PKR226.1M) exceed its short term liabilities (PKR50.8M).
Long Term Liabilities: ASHT's short term assets (PKR226.1M) exceed its long term liabilities (PKR168.7M).
Debt to Equity History and Analysis
Debt Level: ASHT is debt free.
Reducing Debt: ASHT has no debt compared to 5 years ago when its debt to equity ratio was 2.5%.
Debt Coverage: ASHT has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ASHT has no debt, therefore coverage of interest payments is not a concern.