Maqbool Textile Mills Balance Sheet Health
Financial Health criteria checks 1/6
Maqbool Textile Mills has a total shareholder equity of PKR2.4B and total debt of PKR3.6B, which brings its debt-to-equity ratio to 151%. Its total assets and total liabilities are PKR9.2B and PKR6.8B respectively. Maqbool Textile Mills's EBIT is PKR33.8M making its interest coverage ratio 0. It has cash and short-term investments of PKR17.5M.
Key information
151.0%
Debt to equity ratio
PK₨3.58b
Debt
| Interest coverage ratio | 0.05x |
| Cash | PK₨17.49m |
| Equity | PK₨2.37b |
| Total liabilities | PK₨6.79b |
| Total assets | PK₨9.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MQTM's short term assets (PKR3.9B) do not cover its short term liabilities (PKR5.4B).
Long Term Liabilities: MQTM's short term assets (PKR3.9B) exceed its long term liabilities (PKR1.3B).
Debt to Equity History and Analysis
Debt Level: MQTM's net debt to equity ratio (150.2%) is considered high.
Reducing Debt: MQTM's debt to equity ratio has increased from 96.3% to 151% over the past 5 years.
Debt Coverage: MQTM's debt is not well covered by operating cash flow (1.4%).
Interest Coverage: MQTM's interest payments on its debt are not well covered by EBIT (0x coverage).