Paramount Textile Balance Sheet Health
Financial Health criteria checks 1/6
Paramount Textile has a total shareholder equity of BDT6.3B and total debt of BDT22.5B, which brings its debt-to-equity ratio to 355.4%. Its total assets and total liabilities are BDT29.5B and BDT23.1B respectively. Paramount Textile's EBIT is BDT1.6B making its interest coverage ratio 2.3. It has cash and short-term investments of BDT258.5M.
Key information
355.4%
Debt to equity ratio
৳22.48b
Debt
| Interest coverage ratio | 2.3x |
| Cash | ৳258.46m |
| Equity | ৳6.33b |
| Total liabilities | ৳23.15b |
| Total assets | ৳29.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PTL's short term assets (BDT9.3B) exceed its short term liabilities (BDT8.3B).
Long Term Liabilities: PTL's short term assets (BDT9.3B) do not cover its long term liabilities (BDT14.8B).
Debt to Equity History and Analysis
Debt Level: PTL's net debt to equity ratio (351.3%) is considered high.
Reducing Debt: PTL's debt to equity ratio has increased from 179.2% to 355.4% over the past 5 years.
Debt Coverage: PTL's debt is not well covered by operating cash flow (3.9%).
Interest Coverage: PTL's interest payments on its debt are not well covered by EBIT (2.3x coverage).