Idrees Textile Mills Limited

KASE:IDRT Stock Report

Market Cap: PK₨277.9m

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 ratio0.5x
CashPK₨280.51m
EquityPK₨2.32b
Total liabilitiesPK₨4.70b
Total assetsPK₨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).


Balance Sheet


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