Premium Textile Mills Limited

KASE:PRET Stock Report

Market Cap: PK₨2.3b

Premium Textile Mills Balance Sheet Health

Financial Health criteria checks 3/6

Premium Textile Mills has a total shareholder equity of PKR8.6B and total debt of PKR17.5B, which brings its debt-to-equity ratio to 203.7%. Its total assets and total liabilities are PKR30.3B and PKR21.7B respectively. Premium Textile Mills's EBIT is PKR2.4B making its interest coverage ratio 0.9. It has cash and short-term investments of PKR174.9M.

Key information

203.7%

Debt to equity ratio

PK₨17.50b

Debt

Interest coverage ratio0.9x
CashPK₨174.88m
EquityPK₨8.59b
Total liabilitiesPK₨21.74b
Total assetsPK₨30.33b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: PRET's short term assets (PKR15.8B) exceed its short term liabilities (PKR13.1B).

Long Term Liabilities: PRET's short term assets (PKR15.8B) exceed its long term liabilities (PKR8.6B).


Debt to Equity History and Analysis

Debt Level: PRET's net debt to equity ratio (201.7%) is considered high.

Reducing Debt: PRET's debt to equity ratio has reduced from 217.1% to 203.7% over the past 5 years.

Debt Coverage: PRET's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: PRET's interest payments on its debt are not well covered by EBIT (0.9x coverage).


Balance Sheet


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