Nagina Cotton Mills Balance Sheet Health
Financial Health criteria checks 5/6
Nagina Cotton Mills has a total shareholder equity of PKR4.7B and total debt of PKR5.3B, which brings its debt-to-equity ratio to 114.5%. Its total assets and total liabilities are PKR12.3B and PKR7.7B respectively. Nagina Cotton Mills's EBIT is PKR1.4B making its interest coverage ratio 6.2. It has cash and short-term investments of PKR947.8M.
Key information
114.5%
Debt to equity ratio
PK₨5.33b
Debt
Interest coverage ratio | 6.2x |
Cash | PK₨947.82m |
Equity | PK₨4.66b |
Total liabilities | PK₨7.66b |
Total assets | PK₨12.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NAGC's short term assets (PKR6.3B) exceed its short term liabilities (PKR3.1B).
Long Term Liabilities: NAGC's short term assets (PKR6.3B) exceed its long term liabilities (PKR4.5B).
Debt to Equity History and Analysis
Debt Level: NAGC's net debt to equity ratio (94.1%) is considered high.
Reducing Debt: NAGC's debt to equity ratio has reduced from 146.8% to 114.5% over the past 5 years.
Debt Coverage: NAGC's debt is well covered by operating cash flow (40%).
Interest Coverage: NAGC's interest payments on its debt are well covered by EBIT (6.2x coverage).