Mughal Iron & Steel Industries Balance Sheet Health
Financial Health criteria checks 4/6
Mughal Iron & Steel Industries has a total shareholder equity of PKR25.7B and total debt of PKR27.7B, which brings its debt-to-equity ratio to 107.7%. Its total assets and total liabilities are PKR67.1B and PKR41.4B respectively. Mughal Iron & Steel Industries's EBIT is PKR8.4B making its interest coverage ratio 1.4. It has cash and short-term investments of PKR3.5B.
Key information
107.7%
Debt to equity ratio
PK₨27.66b
Debt
| Interest coverage ratio | 1.4x |
| Cash | PK₨3.55b |
| Equity | PK₨25.69b |
| Total liabilities | PK₨41.42b |
| Total assets | PK₨67.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MUGHAL's short term assets (PKR44.4B) exceed its short term liabilities (PKR35.2B).
Long Term Liabilities: MUGHAL's short term assets (PKR44.4B) exceed its long term liabilities (PKR6.2B).
Debt to Equity History and Analysis
Debt Level: MUGHAL's net debt to equity ratio (93.8%) is considered high.
Reducing Debt: MUGHAL's debt to equity ratio has reduced from 141% to 107.7% over the past 5 years.
Debt Coverage: MUGHAL's debt is well covered by operating cash flow (28.1%).
Interest Coverage: MUGHAL's interest payments on its debt are not well covered by EBIT (1.4x coverage).