VFS Thread Dyeing Balance Sheet Health
Financial Health criteria checks 4/6
VFS Thread Dyeing has a total shareholder equity of BDT2.1B and total debt of BDT271.3M, which brings its debt-to-equity ratio to 12.8%. Its total assets and total liabilities are BDT2.6B and BDT495.1M respectively. VFS Thread Dyeing's EBIT is BDT63.0M making its interest coverage ratio 4. It has cash and short-term investments of BDT62.7M.
Key information
12.8%
Debt to equity ratio
৳271.27m
Debt
Interest coverage ratio | 4x |
Cash | ৳62.71m |
Equity | ৳2.13b |
Total liabilities | ৳495.11m |
Total assets | ৳2.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VFSTDL's short term assets (BDT1.8B) exceed its short term liabilities (BDT363.5M).
Long Term Liabilities: VFSTDL's short term assets (BDT1.8B) exceed its long term liabilities (BDT131.6M).
Debt to Equity History and Analysis
Debt Level: VFSTDL's net debt to equity ratio (9.8%) is considered satisfactory.
Reducing Debt: VFSTDL's debt to equity ratio has increased from 0.8% to 12.8% over the past 5 years.
Debt Coverage: VFSTDL's debt is not well covered by operating cash flow (14.2%).
Interest Coverage: VFSTDL's interest payments on its debt are well covered by EBIT (4x coverage).