Tata Textile Mills Balance Sheet Health
Financial Health criteria checks 3/6
Tata Textile Mills has a total shareholder equity of PKR20.8B and total debt of PKR16.1B, which brings its debt-to-equity ratio to 77.5%. Its total assets and total liabilities are PKR44.5B and PKR23.7B respectively. Tata Textile Mills's EBIT is PKR2.0B making its interest coverage ratio 0.6. It has cash and short-term investments of PKR5.1B.
Key information
77.5%
Debt to equity ratio
PK₨16.13b
Debt
| Interest coverage ratio | 0.6x |
| Cash | PK₨5.12b |
| Equity | PK₨20.82b |
| Total liabilities | PK₨23.68b |
| Total assets | PK₨44.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TATM's short term assets (PKR23.0B) exceed its short term liabilities (PKR19.3B).
Long Term Liabilities: TATM's short term assets (PKR23.0B) exceed its long term liabilities (PKR4.4B).
Debt to Equity History and Analysis
Debt Level: TATM's net debt to equity ratio (52.9%) is considered high.
Reducing Debt: TATM's debt to equity ratio has increased from 50.1% to 77.5% over the past 5 years.
Debt Coverage: TATM's debt is well covered by operating cash flow (36.4%).
Interest Coverage: TATM's interest payments on its debt are not well covered by EBIT (0.6x coverage).