Shahtaj Textile Balance Sheet Health
Financial Health criteria checks 2/6
Shahtaj Textile has a total shareholder equity of PKR1.8B and total debt of PKR1.9B, which brings its debt-to-equity ratio to 109.9%. Its total assets and total liabilities are PKR5.1B and PKR3.4B respectively. Shahtaj Textile's EBIT is PKR392.7M making its interest coverage ratio 1.9. It has cash and short-term investments of PKR22.9M.
Key information
109.9%
Debt to equity ratio
PK₨1.93b
Debt
| Interest coverage ratio | 1.9x |
| Cash | PK₨22.92m |
| Equity | PK₨1.75b |
| Total liabilities | PK₨3.38b |
| Total assets | PK₨5.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: STJT's short term assets (PKR3.3B) exceed its short term liabilities (PKR2.4B).
Long Term Liabilities: STJT's short term assets (PKR3.3B) exceed its long term liabilities (PKR962.1M).
Debt to Equity History and Analysis
Debt Level: STJT's net debt to equity ratio (108.6%) is considered high.
Reducing Debt: STJT's debt to equity ratio has increased from 103.6% to 109.9% over the past 5 years.
Debt Coverage: STJT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: STJT's interest payments on its debt are not well covered by EBIT (1.9x coverage).