Jubilee Spinning & Weaving Mills Balance Sheet Health
Financial Health criteria checks 3/6
Jubilee Spinning & Weaving Mills has a total shareholder equity of PKR800.3M and total debt of PKR74.9M, which brings its debt-to-equity ratio to 9.4%. Its total assets and total liabilities are PKR1.0B and PKR243.8M respectively. Jubilee Spinning & Weaving Mills's EBIT is PKR13.8M making its interest coverage ratio -26.3. It has cash and short-term investments of PKR2.5M.
Key information
9.4%
Debt to equity ratio
PK₨74.94m
Debt
Interest coverage ratio | -26.3x |
Cash | PK₨2.45m |
Equity | PK₨800.27m |
Total liabilities | PK₨243.84m |
Total assets | PK₨1.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JUBS's short term assets (PKR145.6M) do not cover its short term liabilities (PKR230.7M).
Long Term Liabilities: JUBS's short term assets (PKR145.6M) exceed its long term liabilities (PKR13.1M).
Debt to Equity History and Analysis
Debt Level: JUBS's net debt to equity ratio (9.1%) is considered satisfactory.
Reducing Debt: JUBS's debt to equity ratio has increased from 2.2% to 9.4% over the past 5 years.
Debt Coverage: JUBS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: JUBS earns more interest than it pays, so coverage of interest payments is not a concern.