Shahzad Textile Mills Balance Sheet Health
Financial Health criteria checks 3/6
Shahzad Textile Mills has a total shareholder equity of PKR3.3B and total debt of PKR1.2B, which brings its debt-to-equity ratio to 37.2%. Its total assets and total liabilities are PKR5.9B and PKR2.6B respectively. Shahzad Textile Mills's EBIT is PKR38.9M making its interest coverage ratio 0.2. It has cash and short-term investments of PKR281.1M.
Key information
37.2%
Debt to equity ratio
PK₨1.23b
Debt
| Interest coverage ratio | 0.2x |
| Cash | PK₨281.11m |
| Equity | PK₨3.30b |
| Total liabilities | PK₨2.62b |
| Total assets | PK₨5.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SZTM's short term assets (PKR2.1B) exceed its short term liabilities (PKR2.0B).
Long Term Liabilities: SZTM's short term assets (PKR2.1B) exceed its long term liabilities (PKR638.4M).
Debt to Equity History and Analysis
Debt Level: SZTM's net debt to equity ratio (28.6%) is considered satisfactory.
Reducing Debt: SZTM's debt to equity ratio has increased from 22.3% to 37.2% over the past 5 years.
Debt Coverage: SZTM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SZTM's interest payments on its debt are not well covered by EBIT (0.2x coverage).