Tata Textile Mills Balance Sheet Health
Financial Health criteria checks 2/6
Tata Textile Mills has a total shareholder equity of PKR20.6B and total debt of PKR19.9B, which brings its debt-to-equity ratio to 96.8%. Its total assets and total liabilities are PKR47.6B and PKR27.1B respectively. Tata Textile Mills's EBIT is PKR3.2B making its interest coverage ratio 0.8. It has cash and short-term investments of PKR193.4M.
Key information
96.8%
Debt to equity ratio
PK₨19.92b
Debt
| Interest coverage ratio | 0.8x |
| Cash | PK₨193.40m |
| Equity | PK₨20.58b |
| Total liabilities | PK₨27.06b |
| Total assets | PK₨47.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TATM's short term assets (PKR26.2B) exceed its short term liabilities (PKR22.3B).
Long Term Liabilities: TATM's short term assets (PKR26.2B) exceed its long term liabilities (PKR4.8B).
Debt to Equity History and Analysis
Debt Level: TATM's net debt to equity ratio (95.9%) is considered high.
Reducing Debt: TATM's debt to equity ratio has increased from 78.4% to 96.8% over the past 5 years.
Debt Coverage: TATM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TATM's interest payments on its debt are not well covered by EBIT (0.8x coverage).