Premier Insurance Balance Sheet Health

Financial Health criteria checks 5/6

Premier Insurance has a total shareholder equity of PKR954.0M and total debt of PKR0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are PKR2.5B and PKR1.6B respectively.

Key information

Debt to equity ratio

PK₨0

Debt

Interest coverage ratio	n/a
Cash	PK₨23.15m
Equity	PK₨954.03m
Total liabilities	PK₨1.58b
Total assets	PK₨2.54b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: PINL's short term assets (PKR853.3M) do not cover its short term liabilities (PKR1.5B).

Long Term Liabilities: PINL's short term assets (PKR853.3M) exceed its long term liabilities (PKR115.6M).

Debt to Equity History and Analysis

Debt Level: PINL is debt free.

Reducing Debt: PINL had no debt 5 years ago.

Debt Coverage: PINL has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PINL has no debt, therefore coverage of interest payments is not a concern.

Premier Insurance Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

Recent updates

Investor sentiment improves as stock rises 16%

Third quarter 2023 earnings released: PK₨0.16 loss per share (vs PK₨0.72 loss in 3Q 2022)

Second quarter 2023 earnings released: PK₨0.26 loss per share (vs PK₨1.14 loss in 2Q 2022)

Premier Insurance Limited Appoints Nadeem Maqbool as CEO

Less than half of directors are independent

Full year 2022 earnings released: PK₨3.76 loss per share (vs PK₨0.55 loss in FY 2021)

Less than half of directors are independent

Third quarter 2022 earnings released: PK₨0.72 loss per share (vs PK₨0.88 loss in 3Q 2021)

Second quarter 2022 earnings released: PK₨1.14 loss per share (vs PK₨0.94 profit in 2Q 2021)

First quarter 2022 earnings released: PK₨1.12 loss per share (vs PK₨0.88 loss in 1Q 2021)

Less than half of directors are independent

Full year 2021 earnings released: PK₨0.54 loss per share (vs PK₨2.32 loss in FY 2020)

Third quarter 2021 earnings released: PK₨0.88 loss per share (vs PK₨0.98 loss in 3Q 2020)

Second quarter 2021 earnings released: EPS PK₨0.94 (vs PK₨0.59 loss in 2Q 2020)

First quarter 2021 earnings released: PK₨0.88 loss per share (vs PK₨0.83 loss in 1Q 2020)

Full year 2020 earnings released: PK₨2.32 loss per share (vs PK₨4.74 loss in FY 2019)

New 90-day low: PK₨3.99

Premier Insurance Limited Appoints Fariq Mahmood Khan Rohilla as Company Secretary

Premier Insurance Limited Announces Board Changes, Effective December 19, 2020

Third quarter 2020 earnings released: PK₨0.98 loss per share

New 90-day low: PK₨5.30

New 90-day low: PK₨5.35

First half earnings released

New 90-day high: PK₨6.49

First half earnings released

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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