Aftab Automobiles Balance Sheet Health
Financial Health criteria checks 2/6
Aftab Automobiles has a total shareholder equity of BDT5.2B and total debt of BDT18.6B, which brings its debt-to-equity ratio to 355.5%. Its total assets and total liabilities are BDT25.4B and BDT20.2B respectively. Aftab Automobiles's EBIT is BDT39.0M making its interest coverage ratio 0.2. It has cash and short-term investments of BDT234.2M.
Key information
355.5%
Debt to equity ratio
৳18.63b
Debt
| Interest coverage ratio | 0.2x |
| Cash | ৳234.18m |
| Equity | ৳5.24b |
| Total liabilities | ৳20.18b |
| Total assets | ৳25.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AFTABAUTO's short term assets (BDT19.5B) exceed its short term liabilities (BDT10.9B).
Long Term Liabilities: AFTABAUTO's short term assets (BDT19.5B) exceed its long term liabilities (BDT9.3B).
Debt to Equity History and Analysis
Debt Level: AFTABAUTO's net debt to equity ratio (351%) is considered high.
Reducing Debt: AFTABAUTO's debt to equity ratio has increased from 132.3% to 355.5% over the past 5 years.
Debt Coverage: AFTABAUTO's debt is not well covered by operating cash flow (0.7%).
Interest Coverage: AFTABAUTO's interest payments on its debt are not well covered by EBIT (0.2x coverage).