Ideal Spinning Mills Balance Sheet Health
Financial Health criteria checks 4/6
Ideal Spinning Mills has a total shareholder equity of PKR640.3M and total debt of PKR1.6B, which brings its debt-to-equity ratio to 251.1%. Its total assets and total liabilities are PKR3.1B and PKR2.5B respectively.
Key information
251.1%
Debt to equity ratio
PK₨1.61b
Debt
| Interest coverage ratio | n/a |
| Cash | PK₨90.89m |
| Equity | PK₨640.28m |
| Total liabilities | PK₨2.46b |
| Total assets | PK₨3.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IDSM's short term assets (PKR1.4B) do not cover its short term liabilities (PKR2.2B).
Long Term Liabilities: IDSM's short term assets (PKR1.4B) exceed its long term liabilities (PKR230.6M).
Debt to Equity History and Analysis
Debt Level: IDSM's net debt to equity ratio (236.9%) is considered high.
Reducing Debt: IDSM's debt to equity ratio has reduced from 265.6% to 251.1% 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: Whilst unprofitable IDSM has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: IDSM is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 4.5% per year.