Asim Textile Mills Balance Sheet Health
Financial Health criteria checks 2/6
Asim Textile Mills has a total shareholder equity of PKR301.9M and total debt of PKR417.6M, which brings its debt-to-equity ratio to 138.3%. Its total assets and total liabilities are PKR1.1B and PKR790.1M respectively.
Key information
138.3%
Debt to equity ratio
PK₨417.59m
Debt
| Interest coverage ratio | n/a |
| Cash | PK₨104.53m |
| Equity | PK₨301.85m |
| Total liabilities | PK₨790.10m |
| Total assets | PK₨1.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ASTM's short term assets (PKR437.2M) do not cover its short term liabilities (PKR720.6M).
Long Term Liabilities: ASTM's short term assets (PKR437.2M) exceed its long term liabilities (PKR69.5M).
Debt to Equity History and Analysis
Debt Level: ASTM's net debt to equity ratio (103.7%) is considered high.
Reducing Debt: ASTM's debt to equity ratio has reduced from 264% to 138.3% over the past 5 years.
Debt Coverage: ASTM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if ASTM's interest payments on its debt are well covered by EBIT.