Suraj Cotton Mills Balance Sheet Health
Financial Health criteria checks 6/6
Suraj Cotton Mills has a total shareholder equity of PKR12.4B and total debt of PKR4.0B, which brings its debt-to-equity ratio to 32%. Its total assets and total liabilities are PKR22.3B and PKR9.9B respectively. Suraj Cotton Mills's EBIT is PKR1.6B making its interest coverage ratio -12.4. It has cash and short-term investments of PKR2.1B.
Key information
32.0%
Debt to equity ratio
PK₨3.96b
Debt
| Interest coverage ratio | -12.4x |
| Cash | PK₨2.14b |
| Equity | PK₨12.36b |
| Total liabilities | PK₨9.93b |
| Total assets | PK₨22.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SURC's short term assets (PKR11.9B) exceed its short term liabilities (PKR5.9B).
Long Term Liabilities: SURC's short term assets (PKR11.9B) exceed its long term liabilities (PKR4.0B).
Debt to Equity History and Analysis
Debt Level: SURC's net debt to equity ratio (14.7%) is considered satisfactory.
Reducing Debt: SURC's debt to equity ratio has reduced from 53.4% to 32% over the past 5 years.
Debt Coverage: SURC's debt is well covered by operating cash flow (75.8%).
Interest Coverage: SURC earns more interest than it pays, so coverage of interest payments is not a concern.