Baba Farid Sugar Mills Balance Sheet Health
Financial Health criteria checks 4/6
Baba Farid Sugar Mills has a total shareholder equity of PKR3.0B and total debt of PKR2.0B, which brings its debt-to-equity ratio to 67.5%. Its total assets and total liabilities are PKR6.9B and PKR3.8B respectively. Baba Farid Sugar Mills's EBIT is PKR645.1M making its interest coverage ratio 1.7. It has cash and short-term investments of PKR956.4M.
Key information
67.5%
Debt to equity ratio
PK₨2.04b
Debt
Interest coverage ratio | 1.7x |
Cash | PK₨956.39m |
Equity | PK₨3.02b |
Total liabilities | PK₨3.84b |
Total assets | PK₨6.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BAFS's short term assets (PKR3.4B) exceed its short term liabilities (PKR3.0B).
Long Term Liabilities: BAFS's short term assets (PKR3.4B) exceed its long term liabilities (PKR803.4M).
Debt to Equity History and Analysis
Debt Level: BAFS's net debt to equity ratio (35.9%) is considered satisfactory.
Reducing Debt: BAFS's debt to equity ratio has reduced from 923.5% to 67.5% over the past 5 years.
Debt Coverage: BAFS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BAFS's interest payments on its debt are not well covered by EBIT (1.7x coverage).