International Knitwear Balance Sheet Health
Financial Health criteria checks 4/6
International Knitwear has a total shareholder equity of PKR174.8M and total debt of PKR117.7M, which brings its debt-to-equity ratio to 67.3%. Its total assets and total liabilities are PKR398.9M and PKR224.0M respectively. International Knitwear's EBIT is PKR56.1M making its interest coverage ratio 9.5. It has cash and short-term investments of PKR24.3M.
Key information
67.3%
Debt to equity ratio
PK₨117.68m
Debt
Interest coverage ratio | 9.5x |
Cash | PK₨24.32m |
Equity | PK₨174.82m |
Total liabilities | PK₨224.04m |
Total assets | PK₨398.86m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: INKL's short term assets (PKR311.8M) exceed its short term liabilities (PKR224.0M).
Long Term Liabilities: INKL has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: INKL's net debt to equity ratio (53.4%) is considered high.
Reducing Debt: INKL's debt to equity ratio has increased from 37.8% to 67.3% over the past 5 years.
Debt Coverage: INKL's debt is well covered by operating cash flow (91.5%).
Interest Coverage: INKL's interest payments on its debt are well covered by EBIT (9.5x coverage).