Toyo Spinning Mills Balance Sheet Health
Financial Health criteria checks 2/6
Toyo Spinning Mills has a total shareholder equity of BDT1.7B and total debt of BDT1.5B, which brings its debt-to-equity ratio to 91.8%. Its total assets and total liabilities are BDT3.9B and BDT2.2B respectively.
Key information
91.8%
Debt to equity ratio
৳1.54b
Debt
Interest coverage ratio | n/a |
Cash | ৳2.54m |
Equity | ৳1.68b |
Total liabilities | ৳2.19b |
Total assets | ৳3.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TALLUSPIN's short term assets (BDT1.0B) exceed its short term liabilities (BDT508.3M).
Long Term Liabilities: TALLUSPIN's short term assets (BDT1.0B) do not cover its long term liabilities (BDT1.7B).
Debt to Equity History and Analysis
Debt Level: TALLUSPIN's net debt to equity ratio (91.6%) is considered high.
Reducing Debt: TALLUSPIN's debt to equity ratio has reduced from 109.8% to 91.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if TALLUSPIN has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if TALLUSPIN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.