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 BDT5.7B, which brings its debt-to-equity ratio to 205.9%. Its total assets and total liabilities are BDT9.1B and BDT6.3B respectively. Tamijuddin Textile Mills's EBIT is BDT693.8M making its interest coverage ratio 1.6. It has cash and short-term investments of BDT170.7M.
Key information
205.9%
Debt to equity ratio
৳5.74b
Debt
Interest coverage ratio | 1.6x |
Cash | ৳170.67m |
Equity | ৳2.79b |
Total liabilities | ৳6.32b |
Total assets | ৳9.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TAMIJTEX's short term assets (BDT5.2B) exceed its short term liabilities (BDT3.9B).
Long Term Liabilities: TAMIJTEX's short term assets (BDT5.2B) exceed its long term liabilities (BDT2.4B).
Debt to Equity History and Analysis
Debt Level: TAMIJTEX's net debt to equity ratio (199.8%) 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 (1.6x coverage).