Service Industries Textiles Balance Sheet Health
Financial Health criteria checks 5/6
Service Industries Textiles has a total shareholder equity of PKR939.8M and total debt of PKR57.3M, which brings its debt-to-equity ratio to 6.1%. Its total assets and total liabilities are PKR1.5B and PKR553.0M respectively.
Key information
6.1%
Debt to equity ratio
PK₨57.34m
Debt
Interest coverage ratio | n/a |
Cash | PK₨13.14m |
Equity | PK₨939.76m |
Total liabilities | PK₨552.97m |
Total assets | PK₨1.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SERT's short term assets (PKR179.9M) do not cover its short term liabilities (PKR463.6M).
Long Term Liabilities: SERT's short term assets (PKR179.9M) exceed its long term liabilities (PKR89.3M).
Debt to Equity History and Analysis
Debt Level: SERT's net debt to equity ratio (4.7%) is considered satisfactory.
Reducing Debt: SERT's debt to equity ratio has reduced from 13.5% to 6.1% 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: Whilst unprofitable SERT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SERT is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 31% per year.