Safko Spinning Mills Balance Sheet Health
Financial Health criteria checks 2/6
Safko Spinning Mills has a total shareholder equity of BDT137.7M and total debt of BDT1.4B, which brings its debt-to-equity ratio to 1015.4%. Its total assets and total liabilities are BDT1.7B and BDT1.5B respectively.
Key information
1,015.4%
Debt to equity ratio
৳1.40b
Debt
| Interest coverage ratio | n/a |
| Cash | ৳18.20m |
| Equity | ৳137.65m |
| Total liabilities | ৳1.55b |
| Total assets | ৳1.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SAFKOSPINN's short term assets (BDT249.6M) do not cover its short term liabilities (BDT308.9M).
Long Term Liabilities: SAFKOSPINN's short term assets (BDT249.6M) do not cover its long term liabilities (BDT1.2B).
Debt to Equity History and Analysis
Debt Level: SAFKOSPINN's net debt to equity ratio (1002.2%) is considered high.
Reducing Debt: SAFKOSPINN's debt to equity ratio has increased from 163.4% to 1015.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable SAFKOSPINN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SAFKOSPINN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 37% per year.