Sunrays Textile Mills Balance Sheet Health
Financial Health criteria checks 3/6
Sunrays Textile Mills has a total shareholder equity of PKR8.7B and total debt of PKR6.4B, which brings its debt-to-equity ratio to 73.5%. Its total assets and total liabilities are PKR16.4B and PKR7.7B respectively. Sunrays Textile Mills's EBIT is PKR968.1M making its interest coverage ratio 1.8. It has cash and short-term investments of PKR508.3M.
Key information
73.5%
Debt to equity ratio
PK₨6.39b
Debt
| Interest coverage ratio | 1.8x |
| Cash | PK₨508.30m |
| Equity | PK₨8.70b |
| Total liabilities | PK₨7.66b |
| Total assets | PK₨16.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SUTM's short term assets (PKR8.7B) exceed its short term liabilities (PKR4.7B).
Long Term Liabilities: SUTM's short term assets (PKR8.7B) exceed its long term liabilities (PKR2.9B).
Debt to Equity History and Analysis
Debt Level: SUTM's net debt to equity ratio (67.6%) is considered high.
Reducing Debt: SUTM's debt to equity ratio has reduced from 91.2% to 73.5% over the past 5 years.
Debt Coverage: SUTM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SUTM's interest payments on its debt are not well covered by EBIT (1.8x coverage).