Apex Footwear Balance Sheet Health
Financial Health criteria checks 2/6
Apex Footwear has a total shareholder equity of BDT3.1B and total debt of BDT17.2B, which brings its debt-to-equity ratio to 551.5%. Its total assets and total liabilities are BDT24.4B and BDT21.3B respectively. Apex Footwear's EBIT is BDT1.2B making its interest coverage ratio 1.3. It has cash and short-term investments of BDT86.8M.
Key information
551.5%
Debt to equity ratio
৳17.18b
Debt
| Interest coverage ratio | 1.3x |
| Cash | ৳86.79m |
| Equity | ৳3.11b |
| Total liabilities | ৳21.26b |
| Total assets | ৳24.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: APEXFOOT's short term assets (BDT15.7B) exceed its short term liabilities (BDT14.1B).
Long Term Liabilities: APEXFOOT's short term assets (BDT15.7B) exceed its long term liabilities (BDT7.2B).
Debt to Equity History and Analysis
Debt Level: APEXFOOT's net debt to equity ratio (548.7%) is considered high.
Reducing Debt: APEXFOOT's debt to equity ratio has increased from 369.1% to 551.5% over the past 5 years.
Debt Coverage: APEXFOOT's debt is not well covered by operating cash flow (2.2%).
Interest Coverage: APEXFOOT's interest payments on its debt are not well covered by EBIT (1.3x coverage).