Quetta Textile Mills Balance Sheet Health
Financial Health criteria checks 4/6
Quetta Textile Mills has a total shareholder equity of PKR3.1B and total debt of PKR4.4B, which brings its debt-to-equity ratio to 142.5%. Its total assets and total liabilities are PKR15.0B and PKR11.9B respectively.
Key information
142.5%
Debt to equity ratio
PK₨4.44b
Debt
| Interest coverage ratio | n/a |
| Cash | PK₨125.08m |
| Equity | PK₨3.12b |
| Total liabilities | PK₨11.88b |
| Total assets | PK₨15.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QUET's short term assets (PKR4.7B) do not cover its short term liabilities (PKR11.3B).
Long Term Liabilities: QUET's short term assets (PKR4.7B) exceed its long term liabilities (PKR614.3M).
Debt to Equity History and Analysis
Debt Level: QUET's net debt to equity ratio (138.5%) is considered high.
Reducing Debt: QUET's debt to equity ratio has reduced from 694.9% to 142.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable QUET has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: QUET is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 25.6% per year.