Sapphire Textile Mills Balance Sheet Health
Financial Health criteria checks 4/6
Sapphire Textile Mills has a total shareholder equity of PKR76.9B and total debt of PKR86.2B, which brings its debt-to-equity ratio to 112.2%. Its total assets and total liabilities are PKR186.7B and PKR109.8B respectively. Sapphire Textile Mills's EBIT is PKR33.5B making its interest coverage ratio 3.1. It has cash and short-term investments of PKR19.8B.
Key information
112.2%
Debt to equity ratio
PK₨86.25b
Debt
Interest coverage ratio | 3.1x |
Cash | PK₨19.75b |
Equity | PK₨76.89b |
Total liabilities | PK₨109.79b |
Total assets | PK₨186.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SAPT's short term assets (PKR88.6B) exceed its short term liabilities (PKR54.8B).
Long Term Liabilities: SAPT's short term assets (PKR88.6B) exceed its long term liabilities (PKR55.0B).
Debt to Equity History and Analysis
Debt Level: SAPT's net debt to equity ratio (86.5%) is considered high.
Reducing Debt: SAPT's debt to equity ratio has reduced from 332.8% to 112.2% over the past 5 years.
Debt Coverage: SAPT's debt is not well covered by operating cash flow (18.6%).
Interest Coverage: SAPT's interest payments on its debt are well covered by EBIT (3.1x coverage).