Jubilee Spinning & Weaving Mills Balance Sheet Health
Financial Health criteria checks 3/6
Jubilee Spinning & Weaving Mills has a total shareholder equity of PKR1.0B and total debt of PKR74.9M, which brings its debt-to-equity ratio to 7.4%. Its total assets and total liabilities are PKR1.2B and PKR196.6M respectively. Jubilee Spinning & Weaving Mills's EBIT is PKR8.4M making its interest coverage ratio -8.1. It has cash and short-term investments of PKR7.2M.
Key information
7.4%
Debt to equity ratio
PK₨74.86m
Debt
| Interest coverage ratio | -8.1x |
| Cash | PK₨7.15m |
| Equity | PK₨1.00b |
| Total liabilities | PK₨196.62m |
| Total assets | PK₨1.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JUBS's short term assets (PKR162.9M) do not cover its short term liabilities (PKR183.5M).
Long Term Liabilities: JUBS's short term assets (PKR162.9M) exceed its long term liabilities (PKR13.1M).
Debt to Equity History and Analysis
Debt Level: JUBS's net debt to equity ratio (6.7%) is considered satisfactory.
Reducing Debt: JUBS's debt to equity ratio has increased from 2.1% to 7.4% 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.