Quasem Industries Balance Sheet Health
Financial Health criteria checks 1/6
Quasem Industries has a total shareholder equity of BDT2.0B and total debt of BDT1.1B, which brings its debt-to-equity ratio to 54.8%. Its total assets and total liabilities are BDT4.0B and BDT2.0B respectively. Quasem Industries's EBIT is BDT180.0M making its interest coverage ratio 2.7. It has cash and short-term investments of BDT23.1M.
Key information
54.8%
Debt to equity ratio
৳1.11b
Debt
| Interest coverage ratio | 2.7x |
| Cash | ৳23.09m |
| Equity | ৳2.03b |
| Total liabilities | ৳2.00b |
| Total assets | ৳4.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QUASEMIND's short term assets (BDT1.2B) do not cover its short term liabilities (BDT1.3B).
Long Term Liabilities: QUASEMIND's short term assets (BDT1.2B) exceed its long term liabilities (BDT683.8M).
Debt to Equity History and Analysis
Debt Level: QUASEMIND's net debt to equity ratio (53.6%) is considered high.
Reducing Debt: QUASEMIND's debt to equity ratio has increased from 30.2% to 54.8% over the past 5 years.
Debt Coverage: QUASEMIND's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: QUASEMIND's interest payments on its debt are not well covered by EBIT (2.7x coverage).