Sanghar Sugar Mills Balance Sheet Health

Financial Health criteria checks 2/6

Sanghar Sugar Mills has a total shareholder equity of PKR2.1B and total debt of PKR1.2B, which brings its debt-to-equity ratio to 56.8%. Its total assets and total liabilities are PKR7.2B and PKR5.1B respectively. Sanghar Sugar Mills's EBIT is PKR343.7M making its interest coverage ratio 2.4. It has cash and short-term investments of PKR208.0M.

Key information

56.8%

Debt to equity ratio

PK₨1.18b

Debt

Interest coverage ratio	2.4x
Cash	PK₨207.98m
Equity	PK₨2.07b
Total liabilities	PK₨5.13b
Total assets	PK₨7.20b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: SANSM's short term assets (PKR3.7B) do not cover its short term liabilities (PKR4.3B).

Long Term Liabilities: SANSM's short term assets (PKR3.7B) exceed its long term liabilities (PKR813.0M).

Debt to Equity History and Analysis

Debt Level: SANSM's net debt to equity ratio (46.7%) is considered high.

Reducing Debt: SANSM's debt to equity ratio has reduced from 68.2% to 56.8% over the past 5 years.

Debt Coverage: SANSM's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: SANSM's interest payments on its debt are not well covered by EBIT (2.4x coverage).

Sanghar Sugar Mills Balance Sheet Health

Financial Health criteria checks 2/6

Key information

Recent financial health updates

Recent updates

Less than half of directors are independent

Less than half of directors are independent

New major risk - Financial position

Investor sentiment deteriorates as stock falls 15%

Full year 2023 earnings released: EPS: PK₨8.78 (vs PK₨0.14 in FY 2022)

Less than half of directors are independent

Less than half of directors are independent

Third quarter 2023 earnings released: EPS: PK₨2.77 (vs PK₨0.69 loss in 3Q 2022)

Less than half of directors are independent

Less than half of directors are independent

Second quarter 2023 earnings released: PK₨5.95 loss per share (vs PK₨0.10 loss in 2Q 2022)

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

First quarter 2023 earnings released: PK₨5.61 loss per share (vs PK₨6.86 profit in 1Q 2022)

Less than half of directors are independent

Full year 2022 earnings released: EPS: PK₨0.14 (vs PK₨2.50 loss in FY 2021)

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Second quarter 2022 earnings released: PK₨0.10 loss per share (vs PK₨6.05 loss in 2Q 2021)

Less than half of directors are independent

Less than half of directors are independent

Investor sentiment improved over the past week

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Less than half of directors are independent

Less than half of directors are independent

Third quarter 2021 earnings released: PK₨0.41 loss per share (vs PK₨3.79 loss in 3Q 2020)

Non-Executive Director Qazi Shamsuddin has left the company

Second quarter 2021 earnings released: PK₨6.05 loss per share (vs PK₨7.40 loss in 2Q 2020)

First quarter 2021 earnings released: PK₨2.73 loss per share (vs PK₨1.59 profit in 1Q 2020)

New 90-day high: PK₨18.40

New 90-day low: PK₨15.73

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Discover healthy companies