Prosperity Weaving Mills Balance Sheet Health
Financial Health criteria checks 3/6
Prosperity Weaving Mills has a total shareholder equity of PKR2.3B and total debt of PKR3.3B, which brings its debt-to-equity ratio to 140%. Its total assets and total liabilities are PKR7.3B and PKR5.0B respectively. Prosperity Weaving Mills's EBIT is PKR577.3M making its interest coverage ratio 1.9. It has cash and short-term investments of PKR346.9M.
Key information
140.0%
Debt to equity ratio
PK₨3.29b
Debt
| Interest coverage ratio | 1.9x |
| Cash | PK₨346.91m |
| Equity | PK₨2.35b |
| Total liabilities | PK₨4.97b |
| Total assets | PK₨7.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRWM's short term assets (PKR4.2B) exceed its short term liabilities (PKR3.1B).
Long Term Liabilities: PRWM's short term assets (PKR4.2B) exceed its long term liabilities (PKR1.9B).
Debt to Equity History and Analysis
Debt Level: PRWM's net debt to equity ratio (125.3%) is considered high.
Reducing Debt: PRWM's debt to equity ratio has reduced from 197.1% to 140% over the past 5 years.
Debt Coverage: PRWM's debt is not well covered by operating cash flow (5.8%).
Interest Coverage: PRWM's interest payments on its debt are not well covered by EBIT (1.9x coverage).