Mirpurkhas Sugar Mills Balance Sheet Health
Financial Health criteria checks 1/6
Mirpurkhas Sugar Mills has a total shareholder equity of PKR4.1B and total debt of PKR9.7B, which brings its debt-to-equity ratio to 236.4%. Its total assets and total liabilities are PKR16.6B and PKR12.5B respectively. Mirpurkhas Sugar Mills's EBIT is PKR637.8M making its interest coverage ratio 0.5. It has cash and short-term investments of PKR114.2M.
Key information
236.4%
Debt to equity ratio
PK₨9.72b
Debt
Interest coverage ratio | 0.5x |
Cash | PK₨114.22m |
Equity | PK₨4.11b |
Total liabilities | PK₨12.46b |
Total assets | PK₨16.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIRKS's short term assets (PKR7.3B) do not cover its short term liabilities (PKR9.5B).
Long Term Liabilities: MIRKS's short term assets (PKR7.3B) exceed its long term liabilities (PKR3.0B).
Debt to Equity History and Analysis
Debt Level: MIRKS's net debt to equity ratio (233.6%) is considered high.
Reducing Debt: MIRKS's debt to equity ratio has increased from 118% to 236.4% over the past 5 years.
Debt Coverage: MIRKS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MIRKS's interest payments on its debt are not well covered by EBIT (0.5x coverage).