Eastern Cables Balance Sheet Health
Financial Health criteria checks 4/6
Eastern Cables has a total shareholder equity of BDT9.1B and total debt of BDT603.6M, which brings its debt-to-equity ratio to 6.6%. Its total assets and total liabilities are BDT10.6B and BDT1.5B respectively. Eastern Cables's EBIT is BDT42.5M making its interest coverage ratio 1.1. It has cash and short-term investments of BDT17.8M.
Key information
6.6%
Debt to equity ratio
৳603.64m
Debt
Interest coverage ratio | 1.1x |
Cash | ৳17.79m |
Equity | ৳9.11b |
Total liabilities | ৳1.48b |
Total assets | ৳10.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ECABLES's short term assets (BDT1.6B) exceed its short term liabilities (BDT1.3B).
Long Term Liabilities: ECABLES's short term assets (BDT1.6B) exceed its long term liabilities (BDT206.6M).
Debt to Equity History and Analysis
Debt Level: ECABLES's net debt to equity ratio (6.4%) is considered satisfactory.
Reducing Debt: ECABLES's debt to equity ratio has reduced from 53% to 6.6% over the past 5 years.
Debt Coverage: ECABLES's debt is not well covered by operating cash flow (8.3%).
Interest Coverage: ECABLES's interest payments on its debt are not well covered by EBIT (1.1x coverage).