Saif Textile Mills Balance Sheet Health
Financial Health criteria checks 3/6
Saif Textile Mills has a total shareholder equity of PKR3.9B and total debt of PKR7.2B, which brings its debt-to-equity ratio to 183.7%. Its total assets and total liabilities are PKR13.4B and PKR9.5B respectively. Saif Textile Mills's EBIT is PKR454.0M making its interest coverage ratio 0.3. It has cash and short-term investments of PKR71.8M.
Key information
183.7%
Debt to equity ratio
PK₨7.16b
Debt
| Interest coverage ratio | 0.3x |
| Cash | PK₨71.77m |
| Equity | PK₨3.90b |
| Total liabilities | PK₨9.48b |
| Total assets | PK₨13.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SAIF's short term assets (PKR5.2B) do not cover its short term liabilities (PKR7.7B).
Long Term Liabilities: SAIF's short term assets (PKR5.2B) exceed its long term liabilities (PKR1.8B).
Debt to Equity History and Analysis
Debt Level: SAIF's net debt to equity ratio (181.9%) is considered high.
Reducing Debt: SAIF's debt to equity ratio has reduced from 258.8% to 183.7% over the past 5 years.
Debt Coverage: SAIF's debt is well covered by operating cash flow (38.3%).
Interest Coverage: SAIF's interest payments on its debt are not well covered by EBIT (0.3x coverage).