Apex Footwear Balance Sheet Health
Financial Health criteria checks 3/6
Apex Footwear has a total shareholder equity of BDT6.8B and total debt of BDT17.5B, which brings its debt-to-equity ratio to 256.5%. Its total assets and total liabilities are BDT28.6B and BDT21.8B respectively. Apex Footwear's EBIT is BDT1.3B making its interest coverage ratio 1.2. It has cash and short-term investments of BDT85.6M.
Key information
256.5%
Debt to equity ratio
৳17.46b
Debt
| Interest coverage ratio | 1.2x |
| Cash | ৳85.61m |
| Equity | ৳6.81b |
| Total liabilities | ৳21.77b |
| Total assets | ৳28.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: APEXFOOT's short term assets (BDT16.2B) exceed its short term liabilities (BDT14.8B).
Long Term Liabilities: APEXFOOT's short term assets (BDT16.2B) exceed its long term liabilities (BDT6.9B).
Debt to Equity History and Analysis
Debt Level: APEXFOOT's net debt to equity ratio (255.2%) is considered high.
Reducing Debt: APEXFOOT's debt to equity ratio has reduced from 384.4% to 256.5% over the past 5 years.
Debt Coverage: APEXFOOT's debt is not well covered by operating cash flow (14.5%).
Interest Coverage: APEXFOOT's interest payments on its debt are not well covered by EBIT (1.2x coverage).