Nagina Cotton Mills Balance Sheet Health
Financial Health criteria checks 3/6
Nagina Cotton Mills has a total shareholder equity of PKR4.7B and total debt of PKR6.0B, which brings its debt-to-equity ratio to 127.6%. Its total assets and total liabilities are PKR12.8B and PKR8.1B respectively. Nagina Cotton Mills's EBIT is PKR809.6M making its interest coverage ratio 1. It has cash and short-term investments of PKR275.7M.
Key information
127.6%
Debt to equity ratio
PK₨6.04b
Debt
| Interest coverage ratio | 1x |
| Cash | PK₨275.74m |
| Equity | PK₨4.73b |
| Total liabilities | PK₨8.07b |
| Total assets | PK₨12.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NAGC's short term assets (PKR6.9B) exceed its short term liabilities (PKR3.1B).
Long Term Liabilities: NAGC's short term assets (PKR6.9B) exceed its long term liabilities (PKR4.9B).
Debt to Equity History and Analysis
Debt Level: NAGC's net debt to equity ratio (121.8%) is considered high.
Reducing Debt: NAGC's debt to equity ratio has increased from 85.9% to 127.6% over the past 5 years.
Debt Coverage: NAGC's debt is well covered by operating cash flow (36.8%).
Interest Coverage: NAGC's interest payments on its debt are not well covered by EBIT (1x coverage).