Elahi Cotton Mills Balance Sheet Health
Financial Health criteria checks 3/6
Elahi Cotton Mills has a total shareholder equity of PKR93.4M and total debt of PKR92.3M, which brings its debt-to-equity ratio to 98.8%. Its total assets and total liabilities are PKR272.8M and PKR179.4M respectively. Elahi Cotton Mills's EBIT is PKR3.4M making its interest coverage ratio 5.2. It has cash and short-term investments of PKR7.8M.
Key information
98.8%
Debt to equity ratio
PK₨92.27m
Debt
Interest coverage ratio | 5.2x |
Cash | PK₨7.76m |
Equity | PK₨93.40m |
Total liabilities | PK₨179.42m |
Total assets | PK₨272.82m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ELCM's short term assets (PKR97.5M) do not cover its short term liabilities (PKR139.2M).
Long Term Liabilities: ELCM's short term assets (PKR97.5M) exceed its long term liabilities (PKR40.3M).
Debt to Equity History and Analysis
Debt Level: ELCM's net debt to equity ratio (90.5%) is considered high.
Reducing Debt: ELCM's debt to equity ratio has reduced from 143.5% to 98.8% over the past 5 years.
Debt Coverage: ELCM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ELCM's interest payments on its debt are well covered by EBIT (5.2x coverage).