Apex Tannery Balance Sheet Health
Financial Health criteria checks 2/6
Apex Tannery has a total shareholder equity of BDT767.4M and total debt of BDT2.1B, which brings its debt-to-equity ratio to 268.7%. Its total assets and total liabilities are BDT3.3B and BDT2.6B respectively. Apex Tannery's EBIT is BDT7.2M making its interest coverage ratio 0. It has cash and short-term investments of BDT171.1M.
Key information
268.7%
Debt to equity ratio
৳2.06b
Debt
| Interest coverage ratio | 0.04x |
| Cash | ৳171.12m |
| Equity | ৳767.35m |
| Total liabilities | ৳2.56b |
| Total assets | ৳3.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: APEXTANRY's short term assets (BDT2.5B) exceed its short term liabilities (BDT2.4B).
Long Term Liabilities: APEXTANRY's short term assets (BDT2.5B) exceed its long term liabilities (BDT118.8M).
Debt to Equity History and Analysis
Debt Level: APEXTANRY's net debt to equity ratio (246.4%) is considered high.
Reducing Debt: APEXTANRY's debt to equity ratio has increased from 137.1% to 268.7% over the past 5 years.
Debt Coverage: APEXTANRY's debt is not well covered by operating cash flow (2.1%).
Interest Coverage: APEXTANRY's interest payments on its debt are not well covered by EBIT (0x coverage).