Crescent Cotton Mills Balance Sheet Health
Financial Health criteria checks 5/6
Crescent Cotton Mills has a total shareholder equity of PKR6.7B and total debt of PKR849.8M, which brings its debt-to-equity ratio to 12.7%. Its total assets and total liabilities are PKR8.9B and PKR2.2B respectively. Crescent Cotton Mills's EBIT is PKR127.7M making its interest coverage ratio 2.4. It has cash and short-term investments of PKR1.2B.
Key information
12.7%
Debt to equity ratio
PK₨849.81m
Debt
| Interest coverage ratio | 2.4x |
| Cash | PK₨1.22b |
| Equity | PK₨6.68b |
| Total liabilities | PK₨2.24b |
| Total assets | PK₨8.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CCM's short term assets (PKR7.9B) exceed its short term liabilities (PKR2.1B).
Long Term Liabilities: CCM's short term assets (PKR7.9B) exceed its long term liabilities (PKR175.6M).
Debt to Equity History and Analysis
Debt Level: CCM has more cash than its total debt.
Reducing Debt: CCM's debt to equity ratio has reduced from 20.5% to 12.7% over the past 5 years.
Debt Coverage: CCM's debt is well covered by operating cash flow (36%).
Interest Coverage: CCM's interest payments on its debt are not well covered by EBIT (2.4x coverage).