Mir Akhter Hossain Balance Sheet Health
Financial Health criteria checks 2/6
Mir Akhter Hossain has a total shareholder equity of BDT6.0B and total debt of BDT19.4B, which brings its debt-to-equity ratio to 320.7%. Its total assets and total liabilities are BDT26.5B and BDT20.4B respectively. Mir Akhter Hossain's EBIT is BDT590.7M making its interest coverage ratio 2.5. It has cash and short-term investments of BDT212.2M.
Key information
320.7%
Debt to equity ratio
৳19.38b
Debt
| Interest coverage ratio | 2.5x |
| Cash | ৳212.24m |
| Equity | ৳6.04b |
| Total liabilities | ৳20.41b |
| Total assets | ৳26.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIRAKHTER's short term assets (BDT5.6B) exceed its short term liabilities (BDT3.8B).
Long Term Liabilities: MIRAKHTER's short term assets (BDT5.6B) do not cover its long term liabilities (BDT16.6B).
Debt to Equity History and Analysis
Debt Level: MIRAKHTER's net debt to equity ratio (317.2%) is considered high.
Reducing Debt: MIRAKHTER's debt to equity ratio has reduced from 356.6% to 320.7% over the past 5 years.
Debt Coverage: MIRAKHTER's debt is not well covered by operating cash flow (7.7%).
Interest Coverage: MIRAKHTER's interest payments on its debt are not well covered by EBIT (2.5x coverage).