Evince Textiles Balance Sheet Health
Financial Health criteria checks 1/6
Evince Textiles has a total shareholder equity of BDT2.3B and total debt of BDT3.3B, which brings its debt-to-equity ratio to 144.1%. Its total assets and total liabilities are BDT6.0B and BDT3.7B respectively. Evince Textiles's EBIT is BDT276.5M making its interest coverage ratio 2. It has cash and short-term investments of BDT40.8M.
Key information
144.1%
Debt to equity ratio
৳3.31b
Debt
Interest coverage ratio | 2x |
Cash | ৳40.80m |
Equity | ৳2.30b |
Total liabilities | ৳3.74b |
Total assets | ৳6.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ETL's short term assets (BDT2.7B) do not cover its short term liabilities (BDT2.8B).
Long Term Liabilities: ETL's short term assets (BDT2.7B) exceed its long term liabilities (BDT925.2M).
Debt to Equity History and Analysis
Debt Level: ETL's net debt to equity ratio (142.4%) is considered high.
Reducing Debt: ETL's debt to equity ratio has increased from 68.7% to 144.1% over the past 5 years.
Debt Coverage: ETL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ETL's interest payments on its debt are not well covered by EBIT (2x coverage).