Saritow Spinning Mills Balance Sheet Health
Financial Health criteria checks 2/6
Saritow Spinning Mills has a total shareholder equity of PKR231.2M and total debt of PKR734.9M, which brings its debt-to-equity ratio to 317.9%. Its total assets and total liabilities are PKR1.3B and PKR1.1B respectively.
Key information
317.9%
Debt to equity ratio
PK₨734.94m
Debt
| Interest coverage ratio | n/a |
| Cash | PK₨95.72m |
| Equity | PK₨231.15m |
| Total liabilities | PK₨1.06b |
| Total assets | PK₨1.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SSML's short term assets (PKR132.6M) do not cover its short term liabilities (PKR770.0M).
Long Term Liabilities: SSML's short term assets (PKR132.6M) do not cover its long term liabilities (PKR292.8M).
Debt to Equity History and Analysis
Debt Level: SSML's net debt to equity ratio (276.5%) is considered high.
Reducing Debt: SSML's debt to equity ratio has increased from 145.9% to 317.9% 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 11.7% per year.