Reliance Weaving Mills Balance Sheet Health
Financial Health criteria checks 2/6
Reliance Weaving Mills has a total shareholder equity of PKR10.2B and total debt of PKR18.4B, which brings its debt-to-equity ratio to 181.2%. Its total assets and total liabilities are PKR35.7B and PKR25.5B respectively. Reliance Weaving Mills's EBIT is PKR4.2B making its interest coverage ratio 1.1. It has cash and short-term investments of PKR937.5M.
Key information
181.2%
Debt to equity ratio
PK₨18.44b
Debt
Interest coverage ratio | 1.1x |
Cash | PK₨937.48m |
Equity | PK₨10.18b |
Total liabilities | PK₨25.55b |
Total assets | PK₨35.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: REWM's short term assets (PKR17.3B) do not cover its short term liabilities (PKR19.8B).
Long Term Liabilities: REWM's short term assets (PKR17.3B) exceed its long term liabilities (PKR5.7B).
Debt to Equity History and Analysis
Debt Level: REWM's net debt to equity ratio (172%) is considered high.
Reducing Debt: REWM's debt to equity ratio has reduced from 274.2% to 181.2% over the past 5 years.
Debt Coverage: REWM's debt is not well covered by operating cash flow (14.9%).
Interest Coverage: REWM's interest payments on its debt are not well covered by EBIT (1.1x coverage).