Malek Spinning Mills Balance Sheet Health
Financial Health criteria checks 3/6
Malek Spinning Mills has a total shareholder equity of BDT10.2B and total debt of BDT8.8B, which brings its debt-to-equity ratio to 86.4%. Its total assets and total liabilities are BDT27.1B and BDT16.9B respectively. Malek Spinning Mills's EBIT is BDT2.2B making its interest coverage ratio 3.5. It has cash and short-term investments of BDT3.2B.
Key information
86.4%
Debt to equity ratio
৳8.83b
Debt
Interest coverage ratio | 3.5x |
Cash | ৳3.21b |
Equity | ৳10.23b |
Total liabilities | ৳16.86b |
Total assets | ৳27.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MALEKSPIN's short term assets (BDT15.2B) exceed its short term liabilities (BDT11.9B).
Long Term Liabilities: MALEKSPIN's short term assets (BDT15.2B) exceed its long term liabilities (BDT5.0B).
Debt to Equity History and Analysis
Debt Level: MALEKSPIN's net debt to equity ratio (55%) is considered high.
Reducing Debt: MALEKSPIN's debt to equity ratio has increased from 56.3% to 86.4% over the past 5 years.
Debt Coverage: MALEKSPIN's debt is not well covered by operating cash flow (5%).
Interest Coverage: MALEKSPIN's interest payments on its debt are well covered by EBIT (3.5x coverage).