Aftab Automobiles Balance Sheet Health
Financial Health criteria checks 2/6
Aftab Automobiles has a total shareholder equity of BDT5.4B and total debt of BDT18.4B, which brings its debt-to-equity ratio to 342.4%. Its total assets and total liabilities are BDT24.8B and BDT19.4B respectively. Aftab Automobiles's EBIT is BDT94.1M making its interest coverage ratio 0.6. It has cash and short-term investments of BDT573.7M.
Key information
342.4%
Debt to equity ratio
৳18.37b
Debt
| Interest coverage ratio | 0.6x |
| Cash | ৳573.70m |
| Equity | ৳5.36b |
| Total liabilities | ৳19.42b |
| Total assets | ৳24.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AFTABAUTO's short term assets (BDT18.9B) exceed its short term liabilities (BDT10.3B).
Long Term Liabilities: AFTABAUTO's short term assets (BDT18.9B) exceed its long term liabilities (BDT9.1B).
Debt to Equity History and Analysis
Debt Level: AFTABAUTO's net debt to equity ratio (331.7%) is considered high.
Reducing Debt: AFTABAUTO's debt to equity ratio has increased from 140.9% to 342.4% over the past 5 years.
Debt Coverage: AFTABAUTO's debt is not well covered by operating cash flow (1%).
Interest Coverage: AFTABAUTO's interest payments on its debt are not well covered by EBIT (0.6x coverage).