Paramount Spinning Mills Balance Sheet Health
Financial Health criteria checks 1/6
Paramount Spinning Mills has a total shareholder equity of PKR-588.9M and total debt of PKR598.1M, which brings its debt-to-equity ratio to -101.6%. Its total assets and total liabilities are PKR40.8M and PKR629.7M respectively. Paramount Spinning Mills's EBIT is PKR14.0M making its interest coverage ratio -214.6. It has cash and short-term investments of PKR12.1M.
Key information
-101.6%
Debt to equity ratio
PK₨598.13m
Debt
| Interest coverage ratio | -214.6x |
| Cash | PK₨12.15m |
| Equity | -PK₨588.89m |
| Total liabilities | PK₨629.66m |
| Total assets | PK₨40.77m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PASM has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: PASM has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: PASM has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: PASM's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: PASM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PASM earns more interest than it pays, so coverage of interest payments is not a concern.