Square Textiles Balance Sheet Health
Financial Health criteria checks 2/6
Square Textiles has a total shareholder equity of BDT9.7B and total debt of BDT9.5B, which brings its debt-to-equity ratio to 98.1%. Its total assets and total liabilities are BDT22.5B and BDT12.8B respectively. Square Textiles's EBIT is BDT1.9B making its interest coverage ratio 3.4. It has cash and short-term investments of BDT1.7B.
Key information
98.1%
Debt to equity ratio
৳9.50b
Debt
Interest coverage ratio | 3.4x |
Cash | ৳1.73b |
Equity | ৳9.68b |
Total liabilities | ৳12.79b |
Total assets | ৳22.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SQUARETEXT's short term assets (BDT11.9B) do not cover its short term liabilities (BDT12.5B).
Long Term Liabilities: SQUARETEXT's short term assets (BDT11.9B) exceed its long term liabilities (BDT266.8M).
Debt to Equity History and Analysis
Debt Level: SQUARETEXT's net debt to equity ratio (80.3%) is considered high.
Reducing Debt: SQUARETEXT's debt to equity ratio has increased from 55.4% to 98.1% over the past 5 years.
Debt Coverage: SQUARETEXT's debt is not well covered by operating cash flow (16.8%).
Interest Coverage: SQUARETEXT's interest payments on its debt are well covered by EBIT (3.4x coverage).