Noon Sugar Mills Balance Sheet Health
Financial Health criteria checks 2/6
Noon Sugar Mills has a total shareholder equity of PKR2.3B and total debt of PKR7.0B, which brings its debt-to-equity ratio to 302.5%. Its total assets and total liabilities are PKR12.7B and PKR10.4B respectively. Noon Sugar Mills's EBIT is PKR1.6B making its interest coverage ratio 1.8. It has cash and short-term investments of PKR259.6M.
Key information
302.5%
Debt to equity ratio
PK₨7.00b
Debt
| Interest coverage ratio | 1.8x |
| Cash | PK₨259.56m |
| Equity | PK₨2.31b |
| Total liabilities | PK₨10.36b |
| Total assets | PK₨12.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NONS's short term assets (PKR9.3B) do not cover its short term liabilities (PKR10.3B).
Long Term Liabilities: NONS's short term assets (PKR9.3B) exceed its long term liabilities (PKR97.7M).
Debt to Equity History and Analysis
Debt Level: NONS's net debt to equity ratio (291.3%) is considered high.
Reducing Debt: NONS's debt to equity ratio has reduced from 382.8% to 302.5% over the past 5 years.
Debt Coverage: NONS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NONS's interest payments on its debt are not well covered by EBIT (1.8x coverage).