Paramount Textile Balance Sheet Health
Financial Health criteria checks 1/6
Paramount Textile has a total shareholder equity of BDT6.9B and total debt of BDT23.9B, which brings its debt-to-equity ratio to 344.7%. Its total assets and total liabilities are BDT31.4B and BDT24.5B respectively. Paramount Textile's EBIT is BDT1.9B making its interest coverage ratio 2. It has cash and short-term investments of BDT726.8M.
Key information
344.7%
Debt to equity ratio
৳23.91b
Debt
| Interest coverage ratio | 2x |
| Cash | ৳726.84m |
| Equity | ৳6.94b |
| Total liabilities | ৳24.47b |
| Total assets | ৳31.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PTL's short term assets (BDT10.6B) exceed its short term liabilities (BDT7.4B).
Long Term Liabilities: PTL's short term assets (BDT10.6B) do not cover its long term liabilities (BDT17.1B).
Debt to Equity History and Analysis
Debt Level: PTL's net debt to equity ratio (334.2%) is considered high.
Reducing Debt: PTL's debt to equity ratio has increased from 162.4% to 344.7% over the past 5 years.
Debt Coverage: PTL's debt is not well covered by operating cash flow (5.3%).
Interest Coverage: PTL's interest payments on its debt are not well covered by EBIT (2x coverage).