Fu-Wang Ceramic Industry Balance Sheet Health
Financial Health criteria checks 1/6
Fu-Wang Ceramic Industry has a total shareholder equity of BDT1.6B and total debt of BDT5.3B, which brings its debt-to-equity ratio to 324.5%. Its total assets and total liabilities are BDT7.2B and BDT5.6B respectively. Fu-Wang Ceramic Industry's EBIT is BDT220.7M making its interest coverage ratio 1.2. It has cash and short-term investments of BDT325.7M.
Key information
324.5%
Debt to equity ratio
৳5.29b
Debt
| Interest coverage ratio | 1.2x |
| Cash | ৳325.66m |
| Equity | ৳1.63b |
| Total liabilities | ৳5.61b |
| Total assets | ৳7.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FUWANGCER's short term assets (BDT3.5B) do not cover its short term liabilities (BDT5.0B).
Long Term Liabilities: FUWANGCER's short term assets (BDT3.5B) exceed its long term liabilities (BDT648.7M).
Debt to Equity History and Analysis
Debt Level: FUWANGCER's net debt to equity ratio (304.6%) is considered high.
Reducing Debt: FUWANGCER's debt to equity ratio has increased from 39.7% to 324.5% over the past 5 years.
Debt Coverage: FUWANGCER's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FUWANGCER's interest payments on its debt are not well covered by EBIT (1.2x coverage).