Zahidjee Textile Mills Balance Sheet Health
Financial Health criteria checks 5/6
Zahidjee Textile Mills has a total shareholder equity of PKR16.3B and total debt of PKR7.1B, which brings its debt-to-equity ratio to 43.7%. Its total assets and total liabilities are PKR28.4B and PKR12.1B respectively. Zahidjee Textile Mills's EBIT is PKR965.6M making its interest coverage ratio 2. It has cash and short-term investments of PKR4.2B.
Key information
43.7%
Debt to equity ratio
PK₨7.12b
Debt
| Interest coverage ratio | 2x |
| Cash | PK₨4.17b |
| Equity | PK₨16.31b |
| Total liabilities | PK₨12.08b |
| Total assets | PK₨28.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZAHID's short term assets (PKR12.5B) exceed its short term liabilities (PKR6.8B).
Long Term Liabilities: ZAHID's short term assets (PKR12.5B) exceed its long term liabilities (PKR5.3B).
Debt to Equity History and Analysis
Debt Level: ZAHID's net debt to equity ratio (18.1%) is considered satisfactory.
Reducing Debt: ZAHID's debt to equity ratio has reduced from 53.6% to 43.7% over the past 5 years.
Debt Coverage: ZAHID's debt is well covered by operating cash flow (46.6%).
Interest Coverage: ZAHID's interest payments on its debt are not well covered by EBIT (2x coverage).