Fazal Cloth Mills Balance Sheet Health
Financial Health criteria checks 4/6
Fazal Cloth Mills has a total shareholder equity of PKR45.2B and total debt of PKR34.7B, which brings its debt-to-equity ratio to 76.8%. Its total assets and total liabilities are PKR100.6B and PKR55.4B respectively. Fazal Cloth Mills's EBIT is PKR8.0B making its interest coverage ratio 1.1. It has cash and short-term investments of PKR1.4B.
Key information
76.8%
Debt to equity ratio
PK₨34.68b
Debt
| Interest coverage ratio | 1.1x |
| Cash | PK₨1.36b |
| Equity | PK₨45.15b |
| Total liabilities | PK₨55.43b |
| Total assets | PK₨100.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FZCM's short term assets (PKR40.5B) exceed its short term liabilities (PKR27.6B).
Long Term Liabilities: FZCM's short term assets (PKR40.5B) exceed its long term liabilities (PKR27.8B).
Debt to Equity History and Analysis
Debt Level: FZCM's net debt to equity ratio (73.8%) is considered high.
Reducing Debt: FZCM's debt to equity ratio has reduced from 109.2% to 76.8% over the past 5 years.
Debt Coverage: FZCM's debt is well covered by operating cash flow (68.8%).
Interest Coverage: FZCM's interest payments on its debt are not well covered by EBIT (1.1x coverage).