Premier Cement Mills Balance Sheet Health
Financial Health criteria checks 2/6
Premier Cement Mills has a total shareholder equity of BDT6.7B and total debt of BDT23.8B, which brings its debt-to-equity ratio to 353.6%. Its total assets and total liabilities are BDT35.2B and BDT28.5B respectively. Premier Cement Mills's EBIT is BDT2.3B making its interest coverage ratio 8.9. It has cash and short-term investments of BDT942.5M.
Key information
353.6%
Debt to equity ratio
৳23.75b
Debt
| Interest coverage ratio | 8.9x |
| Cash | ৳942.55m |
| Equity | ৳6.72b |
| Total liabilities | ৳28.51b |
| Total assets | ৳35.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PREMIERCEM's short term assets (BDT12.1B) do not cover its short term liabilities (BDT19.5B).
Long Term Liabilities: PREMIERCEM's short term assets (BDT12.1B) exceed its long term liabilities (BDT9.1B).
Debt to Equity History and Analysis
Debt Level: PREMIERCEM's net debt to equity ratio (339.6%) is considered high.
Reducing Debt: PREMIERCEM's debt to equity ratio has increased from 162.2% to 353.6% over the past 5 years.
Debt Coverage: PREMIERCEM's debt is not well covered by operating cash flow (2.5%).
Interest Coverage: PREMIERCEM's interest payments on its debt are well covered by EBIT (8.9x coverage).