Mir Akhter Hossain Balance Sheet Health
Financial Health criteria checks 3/6
Mir Akhter Hossain has a total shareholder equity of BDT6.2B and total debt of BDT19.0B, which brings its debt-to-equity ratio to 306.6%. Its total assets and total liabilities are BDT25.2B and BDT19.0B respectively. Mir Akhter Hossain's EBIT is BDT494.4M making its interest coverage ratio -9.4. It has cash and short-term investments of BDT132.1M.
Key information
306.6%
Debt to equity ratio
৳18.96b
Debt
| Interest coverage ratio | -9.4x |
| Cash | ৳132.07m |
| Equity | ৳6.19b |
| Total liabilities | ৳19.03b |
| Total assets | ৳25.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIRAKHTER's short term assets (BDT5.0B) exceed its short term liabilities (BDT3.6B).
Long Term Liabilities: MIRAKHTER's short term assets (BDT5.0B) do not cover its long term liabilities (BDT15.5B).
Debt to Equity History and Analysis
Debt Level: MIRAKHTER's net debt to equity ratio (304.5%) is considered high.
Reducing Debt: MIRAKHTER's debt to equity ratio has reduced from 382.3% to 306.6% over the past 5 years.
Debt Coverage: MIRAKHTER's debt is not well covered by operating cash flow (7.9%).
Interest Coverage: MIRAKHTER earns more interest than it pays, so coverage of interest payments is not a concern.