Simtex Industries Balance Sheet Health
Financial Health criteria checks 5/6
Simtex Industries has a total shareholder equity of BDT1.8B and total debt of BDT637.5M, which brings its debt-to-equity ratio to 35.9%. Its total assets and total liabilities are BDT2.6B and BDT820.6M respectively. Simtex Industries's EBIT is BDT162.2M making its interest coverage ratio -35.8. It has cash and short-term investments of BDT96.7M.
Key information
35.9%
Debt to equity ratio
৳637.54m
Debt
| Interest coverage ratio | -35.8x |
| Cash | ৳96.69m |
| Equity | ৳1.77b |
| Total liabilities | ৳820.62m |
| Total assets | ৳2.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SIMTEX's short term assets (BDT1.4B) exceed its short term liabilities (BDT659.6M).
Long Term Liabilities: SIMTEX's short term assets (BDT1.4B) exceed its long term liabilities (BDT161.1M).
Debt to Equity History and Analysis
Debt Level: SIMTEX's net debt to equity ratio (30.5%) is considered satisfactory.
Reducing Debt: SIMTEX's debt to equity ratio has increased from 26% to 35.9% over the past 5 years.
Debt Coverage: SIMTEX's debt is well covered by operating cash flow (50.9%).
Interest Coverage: SIMTEX earns more interest than it pays, so coverage of interest payments is not a concern.