Eastern Cables Balance Sheet Health
Financial Health criteria checks 5/6
Eastern Cables has a total shareholder equity of BDT9.1B and total debt of BDT626.1M, which brings its debt-to-equity ratio to 6.9%. Its total assets and total liabilities are BDT10.6B and BDT1.5B respectively. Eastern Cables's EBIT is BDT72.0M making its interest coverage ratio 1.3. It has cash and short-term investments of BDT26.7M.
Key information
6.9%
Debt to equity ratio
৳626.15m
Debt
| Interest coverage ratio | 1.3x |
| Cash | ৳26.72m |
| Equity | ৳9.10b |
| Total liabilities | ৳1.52b |
| Total assets | ৳10.61b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ECABLES's short term assets (BDT1.7B) exceed its short term liabilities (BDT1.3B).
Long Term Liabilities: ECABLES's short term assets (BDT1.7B) exceed its long term liabilities (BDT213.5M).
Debt to Equity History and Analysis
Debt Level: ECABLES's net debt to equity ratio (6.6%) is considered satisfactory.
Reducing Debt: ECABLES's debt to equity ratio has reduced from 87.9% to 6.9% over the past 5 years.
Debt Coverage: ECABLES's debt is well covered by operating cash flow (23.8%).
Interest Coverage: ECABLES's interest payments on its debt are not well covered by EBIT (1.3x coverage).