J.K. Spinning Mills Balance Sheet Health
Financial Health criteria checks 3/6
J.K. Spinning Mills has a total shareholder equity of PKR13.2B and total debt of PKR13.5B, which brings its debt-to-equity ratio to 102.2%. Its total assets and total liabilities are PKR30.3B and PKR17.2B respectively. J.K. Spinning Mills's EBIT is PKR3.0B making its interest coverage ratio 1.4. It has cash and short-term investments of PKR503.1M.
Key information
102.2%
Debt to equity ratio
PK₨13.46b
Debt
Interest coverage ratio | 1.4x |
Cash | PK₨503.10m |
Equity | PK₨13.17b |
Total liabilities | PK₨17.17b |
Total assets | PK₨30.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JKSM's short term assets (PKR18.9B) exceed its short term liabilities (PKR14.2B).
Long Term Liabilities: JKSM's short term assets (PKR18.9B) exceed its long term liabilities (PKR3.0B).
Debt to Equity History and Analysis
Debt Level: JKSM's net debt to equity ratio (98.4%) is considered high.
Reducing Debt: JKSM's debt to equity ratio has reduced from 119% to 102.2% 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 (1.4x coverage).