Ideal Spinning Mills Balance Sheet Health
Financial Health criteria checks 1/6
Ideal Spinning Mills has a total shareholder equity of PKR553.6M and total debt of PKR1.6B, which brings its debt-to-equity ratio to 280.2%. Its total assets and total liabilities are PKR3.0B and PKR2.4B respectively.
Key information
280.2%
Debt to equity ratio
PK₨1.55b
Debt
| Interest coverage ratio | n/a |
| Cash | PK₨67.51m |
| Equity | PK₨553.62m |
| Total liabilities | PK₨2.42b |
| Total assets | PK₨2.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IDSM's short term assets (PKR1.2B) do not cover its short term liabilities (PKR2.3B).
Long Term Liabilities: IDSM's short term assets (PKR1.2B) exceed its long term liabilities (PKR81.8M).
Debt to Equity History and Analysis
Debt Level: IDSM's net debt to equity ratio (268%) is considered high.
Reducing Debt: IDSM's debt to equity ratio has increased from 198.8% to 280.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: IDSM has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: IDSM has less than a year of cash runway if free cash flow continues to grow at historical rates of 8.6% each year.