MIDAS Financing has a total shareholder equity of BDT538.5M and total debt of BDT2.5B, which brings its debt-to-equity ratio to 472.8%. Its total assets and total liabilities are BDT11.6B and BDT11.1B respectively.
Key information
472.8%
Debt to equity ratio
৳2.55b
Debt
Interest coverage ratio
n/a
Cash
৳774.43m
Equity
৳538.52m
Total liabilities
৳11.06b
Total assets
৳11.59b
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 (BDT5.0B).
Long Term Liabilities: MIDASFIN's short term assets (BDT10.3B) exceed its long term liabilities (BDT6.0B).
Debt to Equity History and Analysis
Debt Level: MIDASFIN's net debt to equity ratio (329%) is considered high.
Reducing Debt: MIDASFIN's debt to equity ratio has increased from 120.7% to 472.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable MIDASFIN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MIDASFIN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 30.6% per year.