Noon Sugar Mills Balance Sheet Health
Financial Health criteria checks 3/6
Noon Sugar Mills has a total shareholder equity of PKR2.3B and total debt of PKR3.3B, which brings its debt-to-equity ratio to 145.5%. Its total assets and total liabilities are PKR8.2B and PKR5.9B respectively. Noon Sugar Mills's EBIT is PKR1.4B making its interest coverage ratio 1.9. It has cash and short-term investments of PKR187.1M.
Key information
145.5%
Debt to equity ratio
PK₨3.33b
Debt
Interest coverage ratio | 1.9x |
Cash | PK₨187.11m |
Equity | PK₨2.29b |
Total liabilities | PK₨5.89b |
Total assets | PK₨8.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NONS's short term assets (PKR5.3B) do not cover its short term liabilities (PKR5.8B).
Long Term Liabilities: NONS's short term assets (PKR5.3B) exceed its long term liabilities (PKR86.8M).
Debt to Equity History and Analysis
Debt Level: NONS's net debt to equity ratio (137.3%) is considered high.
Reducing Debt: NONS's debt to equity ratio has reduced from 299.7% to 145.5% over the past 5 years.
Debt Coverage: NONS's debt is well covered by operating cash flow (89.8%).
Interest Coverage: NONS's interest payments on its debt are not well covered by EBIT (1.9x coverage).