Sunrays Textile Mills Balance Sheet Health
Financial Health criteria checks 2/6
Sunrays Textile Mills has a total shareholder equity of PKR8.3B and total debt of PKR6.6B, which brings its debt-to-equity ratio to 79.4%. Its total assets and total liabilities are PKR16.6B and PKR8.4B respectively. Sunrays Textile Mills's EBIT is PKR998.9M making its interest coverage ratio 1.1. It has cash and short-term investments of PKR623.0M.
Key information
79.4%
Debt to equity ratio
PK₨6.58b
Debt
| Interest coverage ratio | 1.1x |
| Cash | PK₨623.00m |
| Equity | PK₨8.28b |
| Total liabilities | PK₨8.37b |
| Total assets | PK₨16.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SUTM's short term assets (PKR8.8B) exceed its short term liabilities (PKR5.3B).
Long Term Liabilities: SUTM's short term assets (PKR8.8B) exceed its long term liabilities (PKR3.1B).
Debt to Equity History and Analysis
Debt Level: SUTM's net debt to equity ratio (71.9%) is considered high.
Reducing Debt: SUTM's debt to equity ratio has increased from 27.6% to 79.4% 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 (1.1x coverage).