H.R. Textile Mills Balance Sheet Health
Financial Health criteria checks 1/6
H.R. Textile Mills has a total shareholder equity of BDT1.2B and total debt of BDT3.0B, which brings its debt-to-equity ratio to 239.4%. Its total assets and total liabilities are BDT4.7B and BDT3.5B respectively. H.R. Textile Mills's EBIT is BDT285.8M making its interest coverage ratio 1.2. It has cash and short-term investments of BDT223.4M.
Key information
239.4%
Debt to equity ratio
৳2.96b
Debt
| Interest coverage ratio | 1.2x |
| Cash | ৳223.39m |
| Equity | ৳1.24b |
| Total liabilities | ৳3.48b |
| Total assets | ৳4.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HRTEX's short term assets (BDT2.0B) exceed its short term liabilities (BDT820.4M).
Long Term Liabilities: HRTEX's short term assets (BDT2.0B) do not cover its long term liabilities (BDT2.7B).
Debt to Equity History and Analysis
Debt Level: HRTEX's net debt to equity ratio (221.3%) is considered high.
Reducing Debt: HRTEX's debt to equity ratio has increased from 148.8% to 239.4% 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 (1.2x coverage).