Far East Knitting & Dyeing Industries Balance Sheet Health
Financial Health criteria checks 5/6
Far East Knitting & Dyeing Industries has a total shareholder equity of BDT4.0B and total debt of BDT645.0M, which brings its debt-to-equity ratio to 16.1%. Its total assets and total liabilities are BDT5.7B and BDT1.7B respectively. Far East Knitting & Dyeing Industries's EBIT is BDT156.9M making its interest coverage ratio 3. It has cash and short-term investments of BDT628.6M.
Key information
16.1%
Debt to equity ratio
৳644.95m
Debt
Interest coverage ratio | 3x |
Cash | ৳628.57m |
Equity | ৳4.01b |
Total liabilities | ৳1.70b |
Total assets | ৳5.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FEKDIL's short term assets (BDT3.1B) exceed its short term liabilities (BDT1.4B).
Long Term Liabilities: FEKDIL's short term assets (BDT3.1B) exceed its long term liabilities (BDT344.8M).
Debt to Equity History and Analysis
Debt Level: FEKDIL's net debt to equity ratio (0.4%) is considered satisfactory.
Reducing Debt: FEKDIL's debt to equity ratio has increased from 5.5% to 16.1% over the past 5 years.
Debt Coverage: FEKDIL's debt is well covered by operating cash flow (145.8%).
Interest Coverage: FEKDIL's interest payments on its debt are well covered by EBIT (3x coverage).