Rahim Textile Mills Balance Sheet Health
Financial Health criteria checks 2/6
Rahim Textile Mills has a total shareholder equity of BDT227.4M and total debt of BDT1.2B, which brings its debt-to-equity ratio to 510%. Its total assets and total liabilities are BDT1.6B and BDT1.4B respectively. Rahim Textile Mills's EBIT is BDT24.2M making its interest coverage ratio 0.3. It has cash and short-term investments of BDT15.3M.
Key information
510.0%
Debt to equity ratio
৳1.16b
Debt
Interest coverage ratio | 0.3x |
Cash | ৳15.29m |
Equity | ৳227.40m |
Total liabilities | ৳1.42b |
Total assets | ৳1.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RAHIMTEXT's short term assets (BDT1.1B) exceed its short term liabilities (BDT1.0B).
Long Term Liabilities: RAHIMTEXT's short term assets (BDT1.1B) exceed its long term liabilities (BDT401.4M).
Debt to Equity History and Analysis
Debt Level: RAHIMTEXT's net debt to equity ratio (503.2%) is considered high.
Reducing Debt: RAHIMTEXT's debt to equity ratio has increased from 225.6% to 510% over the past 5 years.
Debt Coverage: RAHIMTEXT's debt is not well covered by operating cash flow (4.6%).
Interest Coverage: RAHIMTEXT's interest payments on its debt are not well covered by EBIT (0.3x coverage).