Panther Tyres Balance Sheet Health
Financial Health criteria checks 2/6
Panther Tyres has a total shareholder equity of PKR6.8B and total debt of PKR9.7B, which brings its debt-to-equity ratio to 143.7%. Its total assets and total liabilities are PKR20.3B and PKR13.5B respectively. Panther Tyres's EBIT is PKR2.6B making its interest coverage ratio 2.3. It has cash and short-term investments of PKR534.3M.
Key information
143.7%
Debt to equity ratio
PK₨9.72b
Debt
| Interest coverage ratio | 2.3x |
| Cash | PK₨534.27m |
| Equity | PK₨6.77b |
| Total liabilities | PK₨13.53b |
| Total assets | PK₨20.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PTL's short term assets (PKR9.4B) do not cover its short term liabilities (PKR11.0B).
Long Term Liabilities: PTL's short term assets (PKR9.4B) exceed its long term liabilities (PKR2.5B).
Debt to Equity History and Analysis
Debt Level: PTL's net debt to equity ratio (135.8%) is considered high.
Reducing Debt: PTL's debt to equity ratio has increased from 108.3% to 143.7% over the past 5 years.
Debt Coverage: PTL's debt is well covered by operating cash flow (26.7%).
Interest Coverage: PTL's interest payments on its debt are not well covered by EBIT (2.3x coverage).