Gul Ahmed Textile Mills Balance Sheet Health
Financial Health criteria checks 3/6
Gul Ahmed Textile Mills has a total shareholder equity of PKR47.7B and total debt of PKR64.8B, which brings its debt-to-equity ratio to 135.8%. Its total assets and total liabilities are PKR153.5B and PKR105.8B respectively. Gul Ahmed Textile Mills's EBIT is PKR9.8B making its interest coverage ratio 1.5. It has cash and short-term investments of PKR1.1B.
Key information
135.8%
Debt to equity ratio
PK₨64.82b
Debt
| Interest coverage ratio | 1.5x |
| Cash | PK₨1.07b |
| Equity | PK₨47.72b |
| Total liabilities | PK₨105.81b |
| Total assets | PK₨153.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GATM's short term assets (PKR95.0B) exceed its short term liabilities (PKR88.4B).
Long Term Liabilities: GATM's short term assets (PKR95.0B) exceed its long term liabilities (PKR17.4B).
Debt to Equity History and Analysis
Debt Level: GATM's net debt to equity ratio (133.6%) is considered high.
Reducing Debt: GATM's debt to equity ratio has reduced from 190.2% to 135.8% over the past 5 years.
Debt Coverage: GATM's debt is not well covered by operating cash flow (4.1%).
Interest Coverage: GATM's interest payments on its debt are not well covered by EBIT (1.5x coverage).