Fazal Cloth Mills Balance Sheet Health
Financial Health criteria checks 3/6
Fazal Cloth Mills has a total shareholder equity of PKR45.5B and total debt of PKR51.3B, which brings its debt-to-equity ratio to 112.9%. Its total assets and total liabilities are PKR113.1B and PKR67.7B respectively. Fazal Cloth Mills's EBIT is PKR11.0B making its interest coverage ratio 1.5. It has cash and short-term investments of PKR1.4B.
Key information
112.9%
Debt to equity ratio
PK₨51.33b
Debt
Interest coverage ratio | 1.5x |
Cash | PK₨1.39b |
Equity | PK₨45.46b |
Total liabilities | PK₨67.66b |
Total assets | PK₨113.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FZCM's short term assets (PKR53.9B) exceed its short term liabilities (PKR43.9B).
Long Term Liabilities: FZCM's short term assets (PKR53.9B) exceed its long term liabilities (PKR23.8B).
Debt to Equity History and Analysis
Debt Level: FZCM's net debt to equity ratio (109.8%) is considered high.
Reducing Debt: FZCM's debt to equity ratio has reduced from 135.1% to 112.9% over the past 5 years.
Debt Coverage: FZCM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FZCM's interest payments on its debt are not well covered by EBIT (1.5x coverage).