Crescent Textile Mills Balance Sheet Health
Financial Health criteria checks 2/6
Crescent Textile Mills has a total shareholder equity of PKR12.1B and total debt of PKR9.4B, which brings its debt-to-equity ratio to 77.9%. Its total assets and total liabilities are PKR26.5B and PKR14.4B respectively. Crescent Textile Mills's EBIT is PKR776.8M making its interest coverage ratio 0.6. It has cash and short-term investments of PKR716.4M.
Key information
77.9%
Debt to equity ratio
PK₨9.42b
Debt
Interest coverage ratio | 0.6x |
Cash | PK₨716.42m |
Equity | PK₨12.10b |
Total liabilities | PK₨14.40b |
Total assets | PK₨26.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CRTM's short term assets (PKR12.0B) do not cover its short term liabilities (PKR13.4B).
Long Term Liabilities: CRTM's short term assets (PKR12.0B) exceed its long term liabilities (PKR976.2M).
Debt to Equity History and Analysis
Debt Level: CRTM's net debt to equity ratio (71.9%) is considered high.
Reducing Debt: CRTM's debt to equity ratio has reduced from 91.6% to 77.9% over the past 5 years.
Debt Coverage: CRTM's debt is not well covered by operating cash flow (0.6%).
Interest Coverage: CRTM's interest payments on its debt are not well covered by EBIT (0.6x coverage).