Mirpurkhas Sugar Mills Balance Sheet Health
Financial Health criteria checks 1/6
Mirpurkhas Sugar Mills has a total shareholder equity of PKR3.6B and total debt of PKR9.6B, which brings its debt-to-equity ratio to 264.2%. Its total assets and total liabilities are PKR15.8B and PKR12.2B respectively. Mirpurkhas Sugar Mills's EBIT is PKR1.0B making its interest coverage ratio 0.6. It has cash and short-term investments of PKR139.7M.
Key information
264.2%
Debt to equity ratio
PK₨9.60b
Debt
| Interest coverage ratio | 0.6x |
| Cash | PK₨139.66m |
| Equity | PK₨3.63b |
| Total liabilities | PK₨12.20b |
| Total assets | PK₨15.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIRKS's short term assets (PKR6.7B) do not cover its short term liabilities (PKR8.8B).
Long Term Liabilities: MIRKS's short term assets (PKR6.7B) exceed its long term liabilities (PKR3.4B).
Debt to Equity History and Analysis
Debt Level: MIRKS's net debt to equity ratio (260.3%) is considered high.
Reducing Debt: MIRKS's debt to equity ratio has increased from 189.9% to 264.2% over the past 5 years.
Debt Coverage: MIRKS's debt is not well covered by operating cash flow (5.1%).
Interest Coverage: MIRKS's interest payments on its debt are not well covered by EBIT (0.6x coverage).