Shams Textile Mills Balance Sheet Health
Financial Health criteria checks 2/6
Shams Textile Mills has a total shareholder equity of PKR1.0B and total debt of PKR481.6M, which brings its debt-to-equity ratio to 48.1%. Its total assets and total liabilities are PKR2.8B and PKR1.8B respectively. Shams Textile Mills's EBIT is PKR61.5M making its interest coverage ratio 0.7. It has cash and short-term investments of PKR31.6M.
Key information
48.1%
Debt to equity ratio
PK₨481.61m
Debt
| Interest coverage ratio | 0.7x |
| Cash | PK₨31.61m |
| Equity | PK₨1.00b |
| Total liabilities | PK₨1.76b |
| Total assets | PK₨2.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: STML's short term assets (PKR1.9B) exceed its short term liabilities (PKR1.8B).
Long Term Liabilities: STML has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: STML's net debt to equity ratio (44.9%) is considered high.
Reducing Debt: STML's debt to equity ratio has increased from 23.5% to 48.1% over the past 5 years.
Debt Coverage: STML's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: STML's interest payments on its debt are not well covered by EBIT (0.7x coverage).