Idrees Textile Mills Balance Sheet Health
Financial Health criteria checks 1/6
Idrees Textile Mills has a total shareholder equity of PKR2.3B and total debt of PKR2.7B, which brings its debt-to-equity ratio to 118.1%. Its total assets and total liabilities are PKR7.0B and PKR4.7B respectively. Idrees Textile Mills's EBIT is PKR268.7M making its interest coverage ratio 0.5. It has cash and short-term investments of PKR280.5M.
Key information
118.1%
Debt to equity ratio
PK₨2.74b
Debt
| Interest coverage ratio | 0.5x |
| Cash | PK₨280.51m |
| Equity | PK₨2.32b |
| Total liabilities | PK₨4.70b |
| Total assets | PK₨7.02b |
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 (PKR858.8M).
Debt to Equity History and Analysis
Debt Level: IDRT's net debt to equity ratio (106%) is considered high.
Reducing Debt: IDRT's debt to equity ratio has increased from 82.9% to 118.1% over the past 5 years.
Debt Coverage: IDRT's debt is not well covered by operating cash flow (4%).
Interest Coverage: IDRT's interest payments on its debt are not well covered by EBIT (0.5x coverage).