Queen South Textile Mills Balance Sheet Health
Financial Health criteria checks 3/6
Queen South Textile Mills has a total shareholder equity of BDT2.4B and total debt of BDT1.9B, which brings its debt-to-equity ratio to 79.3%. Its total assets and total liabilities are BDT5.6B and BDT3.2B respectively. Queen South Textile Mills's EBIT is BDT357.7M making its interest coverage ratio 1.5. It has cash and short-term investments of BDT53.4M.
Key information
79.3%
Debt to equity ratio
৳1.89b
Debt
| Interest coverage ratio | 1.5x |
| Cash | ৳53.38m |
| Equity | ৳2.39b |
| Total liabilities | ৳3.20b |
| Total assets | ৳5.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QUEENSOUTH's short term assets (BDT4.7B) exceed its short term liabilities (BDT2.6B).
Long Term Liabilities: QUEENSOUTH's short term assets (BDT4.7B) exceed its long term liabilities (BDT597.9M).
Debt to Equity History and Analysis
Debt Level: QUEENSOUTH's net debt to equity ratio (77%) is considered high.
Reducing Debt: QUEENSOUTH's debt to equity ratio has increased from 60.4% to 79.3% over the past 5 years.
Debt Coverage: QUEENSOUTH's debt is well covered by operating cash flow (34.5%).
Interest Coverage: QUEENSOUTH's interest payments on its debt are not well covered by EBIT (1.5x coverage).