Esquire Knit Composite Balance Sheet Health
Financial Health criteria checks 2/6
Esquire Knit Composite has a total shareholder equity of BDT8.8B and total debt of BDT5.7B, which brings its debt-to-equity ratio to 64.6%. Its total assets and total liabilities are BDT16.2B and BDT7.4B respectively. Esquire Knit Composite's EBIT is BDT627.7M making its interest coverage ratio 1.6. It has cash and short-term investments of BDT606.8M.
Key information
64.6%
Debt to equity ratio
৳5.65b
Debt
Interest coverage ratio | 1.6x |
Cash | ৳606.84m |
Equity | ৳8.75b |
Total liabilities | ৳7.43b |
Total assets | ৳16.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ESQUIRENIT's short term assets (BDT6.0B) exceed its short term liabilities (BDT4.9B).
Long Term Liabilities: ESQUIRENIT's short term assets (BDT6.0B) exceed its long term liabilities (BDT2.6B).
Debt to Equity History and Analysis
Debt Level: ESQUIRENIT's net debt to equity ratio (57.7%) is considered high.
Reducing Debt: ESQUIRENIT's debt to equity ratio has increased from 26.6% to 64.6% over the past 5 years.
Debt Coverage: ESQUIRENIT's debt is not well covered by operating cash flow (9.2%).
Interest Coverage: ESQUIRENIT's interest payments on its debt are not well covered by EBIT (1.6x coverage).