Gul Ahmed Textile Mills Balance Sheet Health
Financial Health criteria checks 4/6
Gul Ahmed Textile Mills has a total shareholder equity of PKR44.9B and total debt of PKR61.1B, which brings its debt-to-equity ratio to 136.2%. Its total assets and total liabilities are PKR146.8B and PKR102.0B respectively. Gul Ahmed Textile Mills's EBIT is PKR12.2B making its interest coverage ratio 1.6. It has cash and short-term investments of PKR700.9M.
Key information
136.2%
Debt to equity ratio
PK₨61.10b
Debt
| Interest coverage ratio | 1.6x |
| Cash | PK₨700.95m |
| Equity | PK₨44.88b |
| Total liabilities | PK₨101.96b |
| Total assets | PK₨146.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GATM's short term assets (PKR87.5B) exceed its short term liabilities (PKR83.0B).
Long Term Liabilities: GATM's short term assets (PKR87.5B) exceed its long term liabilities (PKR19.0B).
Debt to Equity History and Analysis
Debt Level: GATM's net debt to equity ratio (134.6%) is considered high.
Reducing Debt: GATM's debt to equity ratio has reduced from 183% to 136.2% over the past 5 years.
Debt Coverage: GATM's debt is well covered by operating cash flow (35%).
Interest Coverage: GATM's interest payments on its debt are not well covered by EBIT (1.6x coverage).