H.R. Textile Mills Balance Sheet Health
Financial Health criteria checks 1/6
H.R. Textile Mills has a total shareholder equity of BDT1.0B and total debt of BDT2.9B, which brings its debt-to-equity ratio to 285%. Its total assets and total liabilities are BDT4.4B and BDT3.4B respectively. H.R. Textile Mills's EBIT is BDT37.3M making its interest coverage ratio 0.2. It has cash and short-term investments of BDT83.2M.
Key information
285.0%
Debt to equity ratio
৳2.93b
Debt
| Interest coverage ratio | 0.2x |
| Cash | ৳83.17m |
| Equity | ৳1.03b |
| Total liabilities | ৳3.40b |
| Total assets | ৳4.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HRTEX's short term assets (BDT1.7B) exceed its short term liabilities (BDT821.6M).
Long Term Liabilities: HRTEX's short term assets (BDT1.7B) do not cover its long term liabilities (BDT2.6B).
Debt to Equity History and Analysis
Debt Level: HRTEX's net debt to equity ratio (276.9%) is considered high.
Reducing Debt: HRTEX's debt to equity ratio has increased from 65.3% to 285% over the past 5 years.
Debt Coverage: HRTEX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: HRTEX's interest payments on its debt are not well covered by EBIT (0.2x coverage).