Faisal Spinning Mills Balance Sheet Health
Financial Health criteria checks 4/6
Faisal Spinning Mills has a total shareholder equity of PKR13.4B and total debt of PKR9.7B, which brings its debt-to-equity ratio to 72.3%. Its total assets and total liabilities are PKR29.9B and PKR16.6B respectively. Faisal Spinning Mills's EBIT is PKR2.2B making its interest coverage ratio 1.7. It has cash and short-term investments of PKR376.2M.
Key information
72.3%
Debt to equity ratio
PK₨9.66b
Debt
Interest coverage ratio | 1.7x |
Cash | PK₨376.19m |
Equity | PK₨13.36b |
Total liabilities | PK₨16.57b |
Total assets | PK₨29.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FASM's short term assets (PKR18.5B) exceed its short term liabilities (PKR10.9B).
Long Term Liabilities: FASM's short term assets (PKR18.5B) exceed its long term liabilities (PKR5.7B).
Debt to Equity History and Analysis
Debt Level: FASM's net debt to equity ratio (69.5%) is considered high.
Reducing Debt: FASM's debt to equity ratio has reduced from 91.9% to 72.3% over the past 5 years.
Debt Coverage: FASM's debt is well covered by operating cash flow (52.9%).
Interest Coverage: FASM's interest payments on its debt are not well covered by EBIT (1.7x coverage).