PIA Holding Company Ratios and Metrics

Market cap in millions PKR. Fiscal year is January - December.

Millions PKR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2014 - 2018
Period Ending	May '25 May 13, 2025	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2014 - 2018
Debt / Equity Ratio	-0.84	-0.83	-0.90	-0.97	-0.94	-1.03	Upgrade
Debt / EBITDA Ratio	17.63	20.88	-	-	104.96	35.07	Upgrade
Debt / FCF Ratio	27.80	25.34	-	-	-	-	Upgrade
Asset Turnover	0.62	0.72	0.59	0.32	0.35	0.60	Upgrade
Inventory Turnover	47.22	57.87	54.84	32.68	29.78	40.14	Upgrade
Quick Ratio	0.10	0.06	0.11	0.12	0.11	0.14	Upgrade
Current Ratio	0.15	0.11	0.14	0.15	0.14	0.19	Upgrade
Return on Assets (ROA)	2.06%	0.82%	-3.68%	-5.05%	-3.04%	-1.51%	Upgrade
Return on Capital (ROIC)	-	-	-	-	-	-92.66%	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.