Ruby Textile Mills Balance Sheet Health
Financial Health criteria checks 2/6
Ruby Textile Mills has a total shareholder equity of PKR696.2M and total debt of PKR109.9M, which brings its debt-to-equity ratio to 15.8%. Its total assets and total liabilities are PKR921.7M and PKR225.6M respectively.
Key information
15.8%
Debt to equity ratio
PK₨109.86m
Debt
| Interest coverage ratio | n/a |
| Cash | PK₨152.79k |
| Equity | PK₨696.16m |
| Total liabilities | PK₨225.56m |
| Total assets | PK₨921.71m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RUBY's short term assets (PKR24.7M) do not cover its short term liabilities (PKR145.3M).
Long Term Liabilities: RUBY's short term assets (PKR24.7M) do not cover its long term liabilities (PKR80.2M).
Debt to Equity History and Analysis
Debt Level: RUBY's net debt to equity ratio (15.8%) is considered satisfactory.
Reducing Debt: RUBY's debt to equity ratio has reduced from 54.6% to 15.8% 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: RUBY has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: RUBY has less than a year of cash runway if free cash flow continues to grow at historical rates of 8.5% each year.