Idrees Textile Mills Balance Sheet Health
Financial Health criteria checks 3/6
Idrees Textile Mills has a total shareholder equity of PKR2.6B and total debt of PKR2.6B, which brings its debt-to-equity ratio to 99.4%. Its total assets and total liabilities are PKR6.7B and PKR4.1B respectively. Idrees Textile Mills's EBIT is PKR430.3M making its interest coverage ratio 0.9. It has cash and short-term investments of PKR44.6M.
Key information
99.4%
Debt to equity ratio
PK₨2.57b
Debt
Interest coverage ratio | 0.9x |
Cash | PK₨44.63m |
Equity | PK₨2.59b |
Total liabilities | PK₨4.11b |
Total assets | PK₨6.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IDRT's short term assets (PKR3.3B) exceed its short term liabilities (PKR3.2B).
Long Term Liabilities: IDRT's short term assets (PKR3.3B) exceed its long term liabilities (PKR892.4M).
Debt to Equity History and Analysis
Debt Level: IDRT's net debt to equity ratio (97.7%) is considered high.
Reducing Debt: IDRT's debt to equity ratio has reduced from 144.2% to 99.4% over the past 5 years.
Debt Coverage: IDRT's debt is not well covered by operating cash flow (15.6%).
Interest Coverage: IDRT's interest payments on its debt are not well covered by EBIT (0.9x coverage).