Ali Asghar Textile Mills Balance Sheet Health
Financial Health criteria checks 6/6
Ali Asghar Textile Mills has a total shareholder equity of PKR2.2B and total debt of PKR26.3M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are PKR2.3B and PKR108.9M respectively. Ali Asghar Textile Mills's EBIT is PKR5.0M making its interest coverage ratio -0.2. It has cash and short-term investments of PKR580.3M.
Key information
1.2%
Debt to equity ratio
PK₨26.33m
Debt
| Interest coverage ratio | -0.2x |
| Cash | PK₨580.33m |
| Equity | PK₨2.17b |
| Total liabilities | PK₨108.92m |
| Total assets | PK₨2.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AATM's short term assets (PKR1.0B) exceed its short term liabilities (PKR88.3M).
Long Term Liabilities: AATM's short term assets (PKR1.0B) exceed its long term liabilities (PKR20.6M).
Debt to Equity History and Analysis
Debt Level: AATM has more cash than its total debt.
Reducing Debt: AATM's debt to equity ratio has reduced from 18.5% to 1.2% over the past 5 years.
Debt Coverage: AATM's debt is well covered by operating cash flow (1580.6%).
Interest Coverage: AATM earns more interest than it pays, so coverage of interest payments is not a concern.