Premier Cement Mills Balance Sheet Health
Financial Health criteria checks 1/6
Premier Cement Mills has a total shareholder equity of BDT6.9B and total debt of BDT24.4B, which brings its debt-to-equity ratio to 352.3%. Its total assets and total liabilities are BDT36.4B and BDT29.5B respectively. Premier Cement Mills's EBIT is BDT3.1B making its interest coverage ratio 1.7. It has cash and short-term investments of BDT919.2M.
Key information
352.3%
Debt to equity ratio
৳24.40b
Debt
| Interest coverage ratio | 1.7x |
| Cash | ৳919.24m |
| Equity | ৳6.93b |
| Total liabilities | ৳29.49b |
| Total assets | ৳36.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PREMIERCEM's short term assets (BDT12.6B) do not cover its short term liabilities (BDT22.1B).
Long Term Liabilities: PREMIERCEM's short term assets (BDT12.6B) exceed its long term liabilities (BDT7.4B).
Debt to Equity History and Analysis
Debt Level: PREMIERCEM's net debt to equity ratio (339%) is considered high.
Reducing Debt: PREMIERCEM's debt to equity ratio has increased from 226.4% to 352.3% over the past 5 years.
Debt Coverage: PREMIERCEM's debt is not well covered by operating cash flow (2.7%).
Interest Coverage: PREMIERCEM's interest payments on its debt are not well covered by EBIT (1.7x coverage).