Mahmood Textile Mills Balance Sheet Health
Financial Health criteria checks 3/6
Mahmood Textile Mills has a total shareholder equity of PKR14.0B and total debt of PKR31.4B, which brings its debt-to-equity ratio to 224.1%. Its total assets and total liabilities are PKR55.5B and PKR41.4B respectively. Mahmood Textile Mills's EBIT is PKR7.0B making its interest coverage ratio 1.3. It has cash and short-term investments of PKR107.9M.
Key information
224.1%
Debt to equity ratio
PK₨31.40b
Debt
| Interest coverage ratio | 1.3x |
| Cash | PK₨107.92m |
| Equity | PK₨14.01b |
| Total liabilities | PK₨41.44b |
| Total assets | PK₨55.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MEHT's short term assets (PKR31.0B) do not cover its short term liabilities (PKR31.2B).
Long Term Liabilities: MEHT's short term assets (PKR31.0B) exceed its long term liabilities (PKR10.3B).
Debt to Equity History and Analysis
Debt Level: MEHT's net debt to equity ratio (223.3%) is considered high.
Reducing Debt: MEHT's debt to equity ratio has reduced from 338.5% to 224.1% over the past 5 years.
Debt Coverage: MEHT's debt is well covered by operating cash flow (27.6%).
Interest Coverage: MEHT's interest payments on its debt are not well covered by EBIT (1.3x coverage).