Apex Spinning & Knitting Mills Balance Sheet Health
Financial Health criteria checks 5/6
Apex Spinning & Knitting Mills has a total shareholder equity of BDT527.8M and total debt of BDT130.1M, which brings its debt-to-equity ratio to 24.7%. Its total assets and total liabilities are BDT2.1B and BDT1.5B respectively. Apex Spinning & Knitting Mills's EBIT is BDT147.2M making its interest coverage ratio -38.6. It has cash and short-term investments of BDT49.0M.
Key information
24.7%
Debt to equity ratio
৳130.13m
Debt
| Interest coverage ratio | -38.6x |
| Cash | ৳48.96m |
| Equity | ৳527.78m |
| Total liabilities | ৳1.53b |
| Total assets | ৳2.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: APEXSPINN's short term assets (BDT1.6B) exceed its short term liabilities (BDT1.5B).
Long Term Liabilities: APEXSPINN's short term assets (BDT1.6B) exceed its long term liabilities (BDT13.7M).
Debt to Equity History and Analysis
Debt Level: APEXSPINN's net debt to equity ratio (15.4%) is considered satisfactory.
Reducing Debt: APEXSPINN's debt to equity ratio has increased from 17.5% to 24.7% over the past 5 years.
Debt Coverage: APEXSPINN's debt is well covered by operating cash flow (136%).
Interest Coverage: APEXSPINN earns more interest than it pays, so coverage of interest payments is not a concern.