Saiham Textile Mills Balance Sheet Health
Financial Health criteria checks 2/6
Saiham Textile Mills has a total shareholder equity of BDT3.8B and total debt of BDT2.1B, which brings its debt-to-equity ratio to 53.8%. Its total assets and total liabilities are BDT6.5B and BDT2.7B respectively. Saiham Textile Mills's EBIT is BDT187.8M making its interest coverage ratio 1.6. It has cash and short-term investments of BDT21.5M.
Key information
53.8%
Debt to equity ratio
৳2.07b
Debt
| Interest coverage ratio | 1.6x |
| Cash | ৳21.49m |
| Equity | ৳3.84b |
| Total liabilities | ৳2.66b |
| Total assets | ৳6.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SAIHAMTEX's short term assets (BDT3.4B) exceed its short term liabilities (BDT2.3B).
Long Term Liabilities: SAIHAMTEX's short term assets (BDT3.4B) exceed its long term liabilities (BDT403.5M).
Debt to Equity History and Analysis
Debt Level: SAIHAMTEX's net debt to equity ratio (53.3%) is considered high.
Reducing Debt: SAIHAMTEX's debt to equity ratio has increased from 33.9% to 53.8% over the past 5 years.
Debt Coverage: SAIHAMTEX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SAIHAMTEX's interest payments on its debt are not well covered by EBIT (1.6x coverage).