Blessed Textiles Balance Sheet Health
Financial Health criteria checks 3/6
Blessed Textiles has a total shareholder equity of PKR7.9B and total debt of PKR9.6B, which brings its debt-to-equity ratio to 122%. Its total assets and total liabilities are PKR21.9B and PKR14.0B respectively. Blessed Textiles's EBIT is PKR208.8M making its interest coverage ratio 0.1. It has cash and short-term investments of PKR2.4B.
Key information
122.0%
Debt to equity ratio
PK₨9.62b
Debt
| Interest coverage ratio | 0.1x |
| Cash | PK₨2.45b |
| Equity | PK₨7.89b |
| Total liabilities | PK₨13.98b |
| Total assets | PK₨21.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BTL's short term assets (PKR14.0B) exceed its short term liabilities (PKR10.1B).
Long Term Liabilities: BTL's short term assets (PKR14.0B) exceed its long term liabilities (PKR3.9B).
Debt to Equity History and Analysis
Debt Level: BTL's net debt to equity ratio (90.9%) is considered high.
Reducing Debt: BTL's debt to equity ratio has increased from 76.5% to 122% over the past 5 years.
Debt Coverage: BTL's debt is well covered by operating cash flow (52.4%).
Interest Coverage: BTL's interest payments on its debt are not well covered by EBIT (0.1x coverage).