Simtex Industries Balance Sheet Health
Financial Health criteria checks 5/6
Simtex Industries has a total shareholder equity of BDT1.7B and total debt of BDT585.2M, which brings its debt-to-equity ratio to 33.5%. Its total assets and total liabilities are BDT2.6B and BDT823.2M respectively. Simtex Industries's EBIT is BDT151.7M making its interest coverage ratio -39.6. It has cash and short-term investments of BDT91.3M.
Key information
33.5%
Debt to equity ratio
৳585.25m
Debt
Interest coverage ratio | -39.6x |
Cash | ৳91.27m |
Equity | ৳1.75b |
Total liabilities | ৳823.22m |
Total assets | ৳2.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SIMTEX's short term assets (BDT1.3B) exceed its short term liabilities (BDT660.9M).
Long Term Liabilities: SIMTEX's short term assets (BDT1.3B) exceed its long term liabilities (BDT162.4M).
Debt to Equity History and Analysis
Debt Level: SIMTEX's net debt to equity ratio (28.3%) is considered satisfactory.
Reducing Debt: SIMTEX's debt to equity ratio has increased from 26.6% to 33.5% over the past 5 years.
Debt Coverage: SIMTEX's debt is well covered by operating cash flow (66%).
Interest Coverage: SIMTEX earns more interest than it pays, so coverage of interest payments is not a concern.