Bhagwan Marine Balance Sheet Health
Financial Health criteria checks 2/6
Bhagwan Marine has a total shareholder equity of A$67.9M and total debt of A$78.3M, which brings its debt-to-equity ratio to 115.5%. Its total assets and total liabilities are A$213.2M and A$145.4M respectively. Bhagwan Marine's EBIT is A$18.9M making its interest coverage ratio 2.7. It has cash and short-term investments of A$461.0K.
Key information
115.5%
Debt to equity ratio
AU$78.35m
Debt
| Interest coverage ratio | 2.7x |
| Cash | AU$461.00k |
| Equity | AU$67.85m |
| Total liabilities | AU$145.36m |
| Total assets | AU$213.22m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BWN's short term assets (A$57.4M) do not cover its short term liabilities (A$89.9M).
Long Term Liabilities: BWN's short term assets (A$57.4M) exceed its long term liabilities (A$55.5M).
Debt to Equity History and Analysis
Debt Level: BWN's net debt to equity ratio (114.8%) is considered high.
Reducing Debt: Insufficient data to determine if BWN's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: BWN's debt is well covered by operating cash flow (41%).
Interest Coverage: BWN's interest payments on its debt are not well covered by EBIT (2.7x coverage).