Quetta Textile Mills Balance Sheet Health
Financial Health criteria checks 4/6
Quetta Textile Mills has a total shareholder equity of PKR3.7B and total debt of PKR4.5B, which brings its debt-to-equity ratio to 119.5%. Its total assets and total liabilities are PKR14.8B and PKR11.1B respectively.
Key information
119.5%
Debt to equity ratio
PK₨4.46b
Debt
Interest coverage ratio | n/a |
Cash | PK₨133.10m |
Equity | PK₨3.73b |
Total liabilities | PK₨11.09b |
Total assets | PK₨14.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QUET's short term assets (PKR4.4B) do not cover its short term liabilities (PKR10.5B).
Long Term Liabilities: QUET's short term assets (PKR4.4B) exceed its long term liabilities (PKR545.4M).
Debt to Equity History and Analysis
Debt Level: QUET's net debt to equity ratio (116%) is considered high.
Reducing Debt: QUET's debt to equity ratio has reduced from 447.3% to 119.5% 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, even with free cash flow being positive and shrinking by 8.1% per year.