Malek Spinning Mills Balance Sheet Health
Financial Health criteria checks 3/6
Malek Spinning Mills has a total shareholder equity of BDT10.8B and total debt of BDT9.6B, which brings its debt-to-equity ratio to 88.7%. Its total assets and total liabilities are BDT27.3B and BDT16.6B respectively. Malek Spinning Mills's EBIT is BDT2.6B making its interest coverage ratio 3.9. It has cash and short-term investments of BDT1.4B.
Key information
88.7%
Debt to equity ratio
৳9.57b
Debt
| Interest coverage ratio | 3.9x |
| Cash | ৳1.39b |
| Equity | ৳10.79b |
| Total liabilities | ৳16.56b |
| Total assets | ৳27.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MALEKSPIN's short term assets (BDT14.9B) exceed its short term liabilities (BDT11.7B).
Long Term Liabilities: MALEKSPIN's short term assets (BDT14.9B) exceed its long term liabilities (BDT4.9B).
Debt to Equity History and Analysis
Debt Level: MALEKSPIN's net debt to equity ratio (75.8%) is considered high.
Reducing Debt: MALEKSPIN's debt to equity ratio has increased from 54.6% to 88.7% over the past 5 years.
Debt Coverage: MALEKSPIN's debt is not well covered by operating cash flow (11.7%).
Interest Coverage: MALEKSPIN's interest payments on its debt are well covered by EBIT (3.9x coverage).