Ruby Textile Mills Balance Sheet Health
Financial Health criteria checks 2/6
Ruby Textile Mills has a total shareholder equity of PKR710.3M and total debt of PKR117.1M, which brings its debt-to-equity ratio to 16.5%. Its total assets and total liabilities are PKR951.3M and PKR241.0M respectively.
Key information
16.5%
Debt to equity ratio
PK₨117.15m
Debt
Interest coverage ratio | n/a |
Cash | PK₨223.13k |
Equity | PK₨710.29m |
Total liabilities | PK₨241.03m |
Total assets | PK₨951.32m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RUBY's short term assets (PKR32.2M) do not cover its short term liabilities (PKR144.1M).
Long Term Liabilities: RUBY's short term assets (PKR32.2M) do not cover its long term liabilities (PKR97.0M).
Debt to Equity History and Analysis
Debt Level: RUBY's net debt to equity ratio (16.5%) is considered satisfactory.
Reducing Debt: RUBY's debt to equity ratio has reduced from 74.9% to 16.5% 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: 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 reduce at historical rates of 1.8% each year