IT Consultants Balance Sheet Health
Financial Health criteria checks 6/6
IT Consultants has a total shareholder equity of BDT2.8B and total debt of BDT523.2M, which brings its debt-to-equity ratio to 18.9%. Its total assets and total liabilities are BDT3.7B and BDT899.6M respectively. IT Consultants's EBIT is BDT495.4M making its interest coverage ratio 8.1. It has cash and short-term investments of BDT360.8M.
Key information
18.9%
Debt to equity ratio
৳523.20m
Debt
| Interest coverage ratio | 8.1x |
| Cash | ৳360.83m |
| Equity | ৳2.77b |
| Total liabilities | ৳899.65m |
| Total assets | ৳3.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ITC's short term assets (BDT1.2B) exceed its short term liabilities (BDT406.5M).
Long Term Liabilities: ITC's short term assets (BDT1.2B) exceed its long term liabilities (BDT493.2M).
Debt to Equity History and Analysis
Debt Level: ITC's net debt to equity ratio (5.9%) is considered satisfactory.
Reducing Debt: ITC's debt to equity ratio has reduced from 21.4% to 18.9% over the past 5 years.
Debt Coverage: ITC's debt is well covered by operating cash flow (111.1%).
Interest Coverage: ITC's interest payments on its debt are well covered by EBIT (8.1x coverage).