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 ratio | 0.9x |
| Cash | PK₨174.88m |
| Equity | PK₨8.59b |
| Total liabilities | PK₨21.74b |
| Total assets | PK₨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).