Simtex Industries Limited

DSE:SIMTEX Stock Report

Market Cap: ৳1.4b

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.


Balance Sheet


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