Mitchell's Fruit Farms Balance Sheet Health
Financial Health criteria checks 3/6
Mitchell's Fruit Farms has a total shareholder equity of PKR608.0M and total debt of PKR388.7M, which brings its debt-to-equity ratio to 63.9%. Its total assets and total liabilities are PKR1.8B and PKR1.2B respectively. Mitchell's Fruit Farms's EBIT is PKR218.9M making its interest coverage ratio 2.6. It has cash and short-term investments of PKR23.8M.
Key information
63.9%
Debt to equity ratio
PK₨388.69m
Debt
| Interest coverage ratio | 2.6x |
| Cash | PK₨23.79m |
| Equity | PK₨607.97m |
| Total liabilities | PK₨1.16b |
| Total assets | PK₨1.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MFFL's short term assets (PKR1.2B) exceed its short term liabilities (PKR1.0B).
Long Term Liabilities: MFFL's short term assets (PKR1.2B) exceed its long term liabilities (PKR157.8M).
Debt to Equity History and Analysis
Debt Level: MFFL's net debt to equity ratio (60%) is considered high.
Reducing Debt: MFFL's debt to equity ratio has reduced from 636.9% to 63.9% 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 (2.6x coverage).