Ellcot Spinning Mills Limited

KASE:ELSM Stock Report

Market Cap: PK₨991.0m

Ellcot Spinning Mills Balance Sheet Health

Financial Health criteria checks 5/6

Ellcot Spinning Mills has a total shareholder equity of PKR3.9B and total debt of PKR4.9B, which brings its debt-to-equity ratio to 124%. Its total assets and total liabilities are PKR10.7B and PKR6.7B respectively. Ellcot Spinning Mills's EBIT is PKR680.6M making its interest coverage ratio 5.1. It has cash and short-term investments of PKR720.9M.

Key information

124.0%

Debt to equity ratio

PK₨4.88b

Debt

Interest coverage ratio5.1x
CashPK₨720.89m
EquityPK₨3.94b
Total liabilitiesPK₨6.74b
Total assetsPK₨10.68b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: ELSM's short term assets (PKR5.3B) exceed its short term liabilities (PKR2.0B).

Long Term Liabilities: ELSM's short term assets (PKR5.3B) exceed its long term liabilities (PKR4.8B).


Debt to Equity History and Analysis

Debt Level: ELSM's net debt to equity ratio (105.7%) is considered high.

Reducing Debt: ELSM's debt to equity ratio has reduced from 194.3% to 124% over the past 5 years.

Debt Coverage: ELSM's debt is well covered by operating cash flow (36.3%).

Interest Coverage: ELSM's interest payments on its debt are well covered by EBIT (5.1x coverage).


Balance Sheet


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