Prosperity Weaving Mills Balance Sheet Health
Financial Health criteria checks 3/6
Prosperity Weaving Mills has a total shareholder equity of PKR2.1B and total debt of PKR3.6B, which brings its debt-to-equity ratio to 172.1%. Its total assets and total liabilities are PKR7.2B and PKR5.0B respectively. Prosperity Weaving Mills's EBIT is PKR649.8M making its interest coverage ratio 2. It has cash and short-term investments of PKR432.3M.
Key information
172.1%
Debt to equity ratio
PK₨3.64b
Debt
| Interest coverage ratio | 2x |
| Cash | PK₨432.32m |
| Equity | PK₨2.12b |
| Total liabilities | PK₨5.05b |
| Total assets | PK₨7.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRWM's short term assets (PKR4.0B) exceed its short term liabilities (PKR2.8B).
Long Term Liabilities: PRWM's short term assets (PKR4.0B) exceed its long term liabilities (PKR2.3B).
Debt to Equity History and Analysis
Debt Level: PRWM's net debt to equity ratio (151.7%) is considered high.
Reducing Debt: PRWM's debt to equity ratio has reduced from 281% to 172.1% over the past 5 years.
Debt Coverage: PRWM's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: PRWM's interest payments on its debt are not well covered by EBIT (2x coverage).