Saritow Spinning Mills Balance Sheet Health
Financial Health criteria checks 3/6
Saritow Spinning Mills has a total shareholder equity of PKR502.0M and total debt of PKR360.1M, which brings its debt-to-equity ratio to 71.7%. Its total assets and total liabilities are PKR1.5B and PKR985.3M respectively.
Key information
71.7%
Debt to equity ratio
PK₨360.11m
Debt
Interest coverage ratio | n/a |
Cash | PK₨101.42m |
Equity | PK₨502.01m |
Total liabilities | PK₨985.28m |
Total assets | PK₨1.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SSML's short term assets (PKR295.3M) do not cover its short term liabilities (PKR471.7M).
Long Term Liabilities: SSML's short term assets (PKR295.3M) do not cover its long term liabilities (PKR513.5M).
Debt to Equity History and Analysis
Debt Level: SSML's net debt to equity ratio (51.5%) is considered high.
Reducing Debt: SSML's debt to equity ratio has reduced from 209.4% to 71.7% 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 SSML has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SSML is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 12.6% per year.