Ellcot Spinning Mills Balance Sheet Health
Financial Health criteria checks 4/6
Ellcot Spinning Mills has a total shareholder equity of PKR4.3B and total debt of PKR4.0B, which brings its debt-to-equity ratio to 94%. Its total assets and total liabilities are PKR10.3B and PKR6.0B respectively. Ellcot Spinning Mills's EBIT is PKR764.0M making its interest coverage ratio 2.1. It has cash and short-term investments of PKR1.5B.
Key information
94.0%
Debt to equity ratio
PK₨4.03b
Debt
| Interest coverage ratio | 2.1x |
| Cash | PK₨1.52b |
| Equity | PK₨4.29b |
| Total liabilities | PK₨5.99b |
| Total assets | PK₨10.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ELSM's short term assets (PKR5.6B) exceed its short term liabilities (PKR2.1B).
Long Term Liabilities: ELSM's short term assets (PKR5.6B) exceed its long term liabilities (PKR3.9B).
Debt to Equity History and Analysis
Debt Level: ELSM's net debt to equity ratio (58.6%) is considered high.
Reducing Debt: ELSM's debt to equity ratio has reduced from 165.7% to 94% over the past 5 years.
Debt Coverage: ELSM's debt is well covered by operating cash flow (42.4%).
Interest Coverage: ELSM's interest payments on its debt are not well covered by EBIT (2.1x coverage).