Idrees Textile Mills Balance Sheet Health
Financial Health criteria checks 1/6
Idrees Textile Mills has a total shareholder equity of PKR2.5B and total debt of PKR2.9B, which brings its debt-to-equity ratio to 115.3%. Its total assets and total liabilities are PKR7.1B and PKR4.6B respectively. Idrees Textile Mills's EBIT is PKR410.5M making its interest coverage ratio 0.8. It has cash and short-term investments of PKR15.9M.
Key information
115.3%
Debt to equity ratio
PK₨2.87b
Debt
| Interest coverage ratio | 0.8x |
| Cash | PK₨15.91m |
| Equity | PK₨2.49b |
| Total liabilities | PK₨4.56b |
| Total assets | PK₨7.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IDRT's short term assets (PKR3.7B) do not cover its short term liabilities (PKR3.8B).
Long Term Liabilities: IDRT's short term assets (PKR3.7B) exceed its long term liabilities (PKR751.2M).
Debt to Equity History and Analysis
Debt Level: IDRT's net debt to equity ratio (114.6%) is considered high.
Reducing Debt: IDRT's debt to equity ratio has increased from 107.8% to 115.3% over the past 5 years.
Debt Coverage: IDRT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: IDRT's interest payments on its debt are not well covered by EBIT (0.8x coverage).