Bhanero Textile Mills Balance Sheet Health
Financial Health criteria checks 3/6
Bhanero Textile Mills has a total shareholder equity of PKR10.9B and total debt of PKR9.5B, which brings its debt-to-equity ratio to 87%. Its total assets and total liabilities are PKR24.6B and PKR13.7B respectively. Bhanero Textile Mills's EBIT is PKR1.6B making its interest coverage ratio 1.2. It has cash and short-term investments of PKR473.5M.
Key information
87.0%
Debt to equity ratio
PK₨9.47b
Debt
| Interest coverage ratio | 1.2x |
| Cash | PK₨473.52m |
| Equity | PK₨10.89b |
| Total liabilities | PK₨13.72b |
| Total assets | PK₨24.61b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BHAT's short term assets (PKR15.7B) exceed its short term liabilities (PKR9.5B).
Long Term Liabilities: BHAT's short term assets (PKR15.7B) exceed its long term liabilities (PKR4.2B).
Debt to Equity History and Analysis
Debt Level: BHAT's net debt to equity ratio (82.6%) is considered high.
Reducing Debt: BHAT's debt to equity ratio has increased from 33.4% to 87% over the past 5 years.
Debt Coverage: BHAT's debt is well covered by operating cash flow (44.8%).
Interest Coverage: BHAT's interest payments on its debt are not well covered by EBIT (1.2x coverage).