Desh Garments Balance Sheet Health
Financial Health criteria checks 3/6
Desh Garments has a total shareholder equity of BDT150.5M and total debt of BDT199.3M, which brings its debt-to-equity ratio to 132.4%. Its total assets and total liabilities are BDT433.4M and BDT282.9M respectively. Desh Garments's EBIT is BDT18.3M making its interest coverage ratio 1.4. It has cash and short-term investments of BDT49.3M.
Key information
132.4%
Debt to equity ratio
৳199.26m
Debt
| Interest coverage ratio | 1.4x |
| Cash | ৳49.32m |
| Equity | ৳150.51m |
| Total liabilities | ৳282.90m |
| Total assets | ৳433.41m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DSHGARME's short term assets (BDT303.3M) exceed its short term liabilities (BDT147.4M).
Long Term Liabilities: DSHGARME's short term assets (BDT303.3M) exceed its long term liabilities (BDT135.5M).
Debt to Equity History and Analysis
Debt Level: DSHGARME's net debt to equity ratio (99.6%) is considered high.
Reducing Debt: DSHGARME's debt to equity ratio has increased from 68.4% to 132.4% over the past 5 years.
Debt Coverage: DSHGARME's debt is well covered by operating cash flow (26.5%).
Interest Coverage: DSHGARME's interest payments on its debt are not well covered by EBIT (1.4x coverage).