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 ratio | 5.1x |
Cash | PK₨720.89m |
Equity | PK₨3.94b |
Total liabilities | PK₨6.74b |
Total assets | PK₨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).