Bhanero Textile Mills Balance Sheet Health
Financial Health criteria checks 2/6
Bhanero Textile Mills has a total shareholder equity of PKR10.8B and total debt of PKR12.2B, which brings its debt-to-equity ratio to 112.9%. Its total assets and total liabilities are PKR28.4B and PKR17.6B respectively. Bhanero Textile Mills's EBIT is PKR2.6B making its interest coverage ratio 2.6. It has cash and short-term investments of PKR539.0M.
Key information
112.9%
Debt to equity ratio
PK₨12.24b
Debt
| Interest coverage ratio | 2.6x |
| Cash | PK₨539.05m |
| Equity | PK₨10.84b |
| Total liabilities | PK₨17.59b |
| Total assets | PK₨28.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BHAT's short term assets (PKR19.4B) exceed its short term liabilities (PKR11.8B).
Long Term Liabilities: BHAT's short term assets (PKR19.4B) exceed its long term liabilities (PKR5.8B).
Debt to Equity History and Analysis
Debt Level: BHAT's net debt to equity ratio (107.9%) is considered high.
Reducing Debt: BHAT's debt to equity ratio has increased from 29.1% to 112.9% over the past 5 years.
Debt Coverage: BHAT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BHAT's interest payments on its debt are not well covered by EBIT (2.6x coverage).