Tamijuddin Textile Mills Balance Sheet Health
Financial Health criteria checks 2/6
Tamijuddin Textile Mills has a total shareholder equity of BDT2.8B and total debt of BDT5.8B, which brings its debt-to-equity ratio to 203.7%. Its total assets and total liabilities are BDT9.2B and BDT6.4B respectively. Tamijuddin Textile Mills's EBIT is BDT699.8M making its interest coverage ratio 1.5. It has cash and short-term investments of BDT344.3M.
Key information
203.7%
Debt to equity ratio
৳5.79b
Debt
| Interest coverage ratio | 1.5x |
| Cash | ৳344.32m |
| Equity | ৳2.84b |
| Total liabilities | ৳6.40b |
| Total assets | ৳9.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TAMIJTEX's short term assets (BDT5.4B) exceed its short term liabilities (BDT4.1B).
Long Term Liabilities: TAMIJTEX's short term assets (BDT5.4B) exceed its long term liabilities (BDT2.3B).
Debt to Equity History and Analysis
Debt Level: TAMIJTEX's net debt to equity ratio (191.6%) is considered high.
Reducing Debt: Insufficient data to determine if TAMIJTEX's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: TAMIJTEX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TAMIJTEX's interest payments on its debt are not well covered by EBIT (1.5x coverage).