MIDAS Financing Balance Sheet Health
Financial Health criteria checks 2/6
MIDAS Financing has a total shareholder equity of BDT1.1B and total debt of BDT2.3B, which brings its debt-to-equity ratio to 209%. Its total assets and total liabilities are BDT11.3B and BDT10.2B respectively.
Key information
209.0%
Debt to equity ratio
৳2.34b
Debt
Interest coverage ratio | n/a |
Cash | ৳532.96m |
Equity | ৳1.12b |
Total liabilities | ৳10.19b |
Total assets | ৳11.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIDASFIN's short term assets (BDT10.3B) exceed its short term liabilities (BDT5.9B).
Long Term Liabilities: MIDASFIN's short term assets (BDT10.3B) exceed its long term liabilities (BDT4.2B).
Debt to Equity History and Analysis
Debt Level: MIDASFIN's net debt to equity ratio (161.4%) is considered high.
Reducing Debt: MIDASFIN's debt to equity ratio has increased from 99.9% to 209% over the past 5 years.
Debt Coverage: MIDASFIN's debt is not well covered by operating cash flow (1.4%).
Interest Coverage: Insufficient data to determine if MIDASFIN's interest payments on its debt are well covered by EBIT.