J.K. Spinning Mills Balance Sheet Health
Financial Health criteria checks 2/6
J.K. Spinning Mills has a total shareholder equity of PKR13.7B and total debt of PKR15.7B, which brings its debt-to-equity ratio to 114.9%. Its total assets and total liabilities are PKR33.6B and PKR19.9B respectively. J.K. Spinning Mills's EBIT is PKR2.8B making its interest coverage ratio 1.2. It has cash and short-term investments of PKR640.3M.
Key information
114.9%
Debt to equity ratio
PK₨15.74b
Debt
| Interest coverage ratio | 1.2x |
| Cash | PK₨640.32m |
| Equity | PK₨13.70b |
| Total liabilities | PK₨19.88b |
| Total assets | PK₨33.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JKSM's short term assets (PKR22.4B) exceed its short term liabilities (PKR17.1B).
Long Term Liabilities: JKSM's short term assets (PKR22.4B) exceed its long term liabilities (PKR2.8B).
Debt to Equity History and Analysis
Debt Level: JKSM's net debt to equity ratio (110.2%) is considered high.
Reducing Debt: JKSM's debt to equity ratio has increased from 110.8% to 114.9% over the past 5 years.
Debt Coverage: JKSM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: JKSM's interest payments on its debt are not well covered by EBIT (1.2x coverage).