Premier Sugar Mills & Distillery Balance Sheet Health
Financial Health criteria checks 1/6
Premier Sugar Mills & Distillery has a total shareholder equity of PKR14.8B and total debt of PKR24.9B, which brings its debt-to-equity ratio to 167.6%. Its total assets and total liabilities are PKR49.0B and PKR34.1B respectively. Premier Sugar Mills & Distillery's EBIT is PKR2.7B making its interest coverage ratio 0.6. It has cash and short-term investments of PKR859.5M.
Key information
167.6%
Debt to equity ratio
PK₨24.87b
Debt
| Interest coverage ratio | 0.6x |
| Cash | PK₨859.46m |
| Equity | PK₨14.84b |
| Total liabilities | PK₨34.13b |
| Total assets | PK₨48.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PMRS's short term assets (PKR21.6B) do not cover its short term liabilities (PKR25.3B).
Long Term Liabilities: PMRS's short term assets (PKR21.6B) exceed its long term liabilities (PKR8.9B).
Debt to Equity History and Analysis
Debt Level: PMRS's net debt to equity ratio (161.8%) is considered high.
Reducing Debt: PMRS's debt to equity ratio has increased from 106% to 167.6% over the past 5 years.
Debt Coverage: PMRS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PMRS's interest payments on its debt are not well covered by EBIT (0.6x coverage).