Mitchell's Fruit Farms Balance Sheet Health
Financial Health criteria checks 2/6
Mitchell's Fruit Farms has a total shareholder equity of PKR222.2M and total debt of PKR594.2M, which brings its debt-to-equity ratio to 267.4%. Its total assets and total liabilities are PKR1.6B and PKR1.4B respectively. Mitchell's Fruit Farms's EBIT is PKR100.3M making its interest coverage ratio 1. It has cash and short-term investments of PKR6.3M.
Key information
267.4%
Debt to equity ratio
PK₨594.22m
Debt
Interest coverage ratio | 1x |
Cash | PK₨6.26m |
Equity | PK₨222.23m |
Total liabilities | PK₨1.40b |
Total assets | PK₨1.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MFFL's short term assets (PKR993.3M) do not cover its short term liabilities (PKR1.3B).
Long Term Liabilities: MFFL's short term assets (PKR993.3M) exceed its long term liabilities (PKR145.9M).
Debt to Equity History and Analysis
Debt Level: MFFL's net debt to equity ratio (264.6%) is considered high.
Reducing Debt: MFFL's debt to equity ratio has reduced from 416.4% to 267.4% over the past 5 years.
Debt Coverage: MFFL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MFFL's interest payments on its debt are not well covered by EBIT (1x coverage).