Blessed Textiles Balance Sheet Health
Financial Health criteria checks 2/6
Blessed Textiles has a total shareholder equity of PKR9.4B and total debt of PKR13.3B, which brings its debt-to-equity ratio to 142.3%. Its total assets and total liabilities are PKR26.5B and PKR17.2B respectively. Blessed Textiles's EBIT is PKR1.9B making its interest coverage ratio 1.4. It has cash and short-term investments of PKR1.4B.
Key information
142.3%
Debt to equity ratio
PK₨13.32b
Debt
| Interest coverage ratio | 1.4x |
| Cash | PK₨1.41b |
| Equity | PK₨9.36b |
| Total liabilities | PK₨17.17b |
| Total assets | PK₨26.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BTL's short term assets (PKR18.3B) exceed its short term liabilities (PKR11.6B).
Long Term Liabilities: BTL's short term assets (PKR18.3B) exceed its long term liabilities (PKR5.6B).
Debt to Equity History and Analysis
Debt Level: BTL's net debt to equity ratio (127.2%) is considered high.
Reducing Debt: BTL's debt to equity ratio has increased from 121.5% to 142.3% over the past 5 years.
Debt Coverage: BTL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BTL's interest payments on its debt are not well covered by EBIT (1.4x coverage).