Premium Textile Mills Balance Sheet Health
Financial Health criteria checks 4/6
Premium Textile Mills has a total shareholder equity of PKR8.8B and total debt of PKR16.2B, which brings its debt-to-equity ratio to 183.6%. Its total assets and total liabilities are PKR29.4B and PKR20.6B respectively. Premium Textile Mills's EBIT is PKR2.8B making its interest coverage ratio 1. It has cash and short-term investments of PKR884.2M.
Key information
183.6%
Debt to equity ratio
PK₨16.19b
Debt
| Interest coverage ratio | 1x |
| Cash | PK₨884.16m |
| Equity | PK₨8.82b |
| Total liabilities | PK₨20.58b |
| Total assets | PK₨29.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRET's short term assets (PKR14.7B) exceed its short term liabilities (PKR11.6B).
Long Term Liabilities: PRET's short term assets (PKR14.7B) exceed its long term liabilities (PKR9.0B).
Debt to Equity History and Analysis
Debt Level: PRET's net debt to equity ratio (173.6%) is considered high.
Reducing Debt: PRET's debt to equity ratio has reduced from 268.3% to 183.6% over the past 5 years.
Debt Coverage: PRET's debt is well covered by operating cash flow (21.2%).
Interest Coverage: PRET's interest payments on its debt are not well covered by EBIT (1x coverage).