Crescent Cotton Mills Balance Sheet Health
Financial Health criteria checks 4/6
Crescent Cotton Mills has a total shareholder equity of PKR6.7B and total debt of PKR907.8M, which brings its debt-to-equity ratio to 13.5%. Its total assets and total liabilities are PKR9.9B and PKR3.1B respectively. Crescent Cotton Mills's EBIT is PKR167.3M making its interest coverage ratio 1.7. It has cash and short-term investments of PKR1.1B.
Key information
13.5%
Debt to equity ratio
PK₨907.81m
Debt
| Interest coverage ratio | 1.7x |
| Cash | PK₨1.10b |
| Equity | PK₨6.74b |
| Total liabilities | PK₨3.14b |
| Total assets | PK₨9.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CCM's short term assets (PKR3.5B) exceed its short term liabilities (PKR3.0B).
Long Term Liabilities: CCM's short term assets (PKR3.5B) exceed its long term liabilities (PKR165.0M).
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 32.2% to 13.5% over the past 5 years.
Debt Coverage: CCM's debt is not well covered by operating cash flow (0.9%).
Interest Coverage: CCM's interest payments on its debt are not well covered by EBIT (1.7x coverage).