Suraj Cotton Mills Balance Sheet Health
Financial Health criteria checks 5/6
Suraj Cotton Mills has a total shareholder equity of PKR11.6B and total debt of PKR5.1B, which brings its debt-to-equity ratio to 43.6%. Its total assets and total liabilities are PKR22.7B and PKR11.1B respectively. Suraj Cotton Mills's EBIT is PKR968.7M making its interest coverage ratio 8.5. It has cash and short-term investments of PKR1.8B.
Key information
43.6%
Debt to equity ratio
PK₨5.06b
Debt
Interest coverage ratio | 8.5x |
Cash | PK₨1.83b |
Equity | PK₨11.59b |
Total liabilities | PK₨11.08b |
Total assets | PK₨22.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SURC's short term assets (PKR12.5B) exceed its short term liabilities (PKR6.8B).
Long Term Liabilities: SURC's short term assets (PKR12.5B) exceed its long term liabilities (PKR4.3B).
Debt to Equity History and Analysis
Debt Level: SURC's net debt to equity ratio (27.8%) is considered satisfactory.
Reducing Debt: SURC's debt to equity ratio has reduced from 63.5% to 43.6% over the past 5 years.
Debt Coverage: SURC's debt is not well covered by operating cash flow (8.7%).
Interest Coverage: SURC's interest payments on its debt are well covered by EBIT (8.5x coverage).