IT Consultants Balance Sheet Health
Financial Health criteria checks 6/6
IT Consultants has a total shareholder equity of BDT2.5B and total debt of BDT578.8M, which brings its debt-to-equity ratio to 23.2%. Its total assets and total liabilities are BDT3.6B and BDT1.1B respectively. IT Consultants's EBIT is BDT399.8M making its interest coverage ratio 15.3. It has cash and short-term investments of BDT403.4M.
Key information
23.2%
Debt to equity ratio
৳578.82m
Debt
Interest coverage ratio | 15.3x |
Cash | ৳403.39m |
Equity | ৳2.50b |
Total liabilities | ৳1.08b |
Total assets | ৳3.57b |
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 (BDT532.2M).
Long Term Liabilities: ITC's short term assets (BDT1.2B) exceed its long term liabilities (BDT542.8M).
Debt to Equity History and Analysis
Debt Level: ITC's net debt to equity ratio (7%) is considered satisfactory.
Reducing Debt: ITC's debt to equity ratio has reduced from 25.2% to 23.2% over the past 5 years.
Debt Coverage: ITC's debt is well covered by operating cash flow (136.2%).
Interest Coverage: ITC's interest payments on its debt are well covered by EBIT (15.3x coverage).