CVO Petrochemical Refinery Balance Sheet Health
Financial Health criteria checks 3/6
CVO Petrochemical Refinery has a total shareholder equity of BDT283.1M and total debt of BDT318.3M, which brings its debt-to-equity ratio to 112.4%. Its total assets and total liabilities are BDT906.5M and BDT623.4M respectively. CVO Petrochemical Refinery's EBIT is BDT124.0M making its interest coverage ratio 6.9. It has cash and short-term investments of BDT738.1K.
Key information
112.4%
Debt to equity ratio
৳318.32m
Debt
Interest coverage ratio | 6.9x |
Cash | ৳738.10k |
Equity | ৳283.14m |
Total liabilities | ৳623.37m |
Total assets | ৳906.50m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CVOPRL's short term assets (BDT439.2M) do not cover its short term liabilities (BDT573.2M).
Long Term Liabilities: CVOPRL's short term assets (BDT439.2M) exceed its long term liabilities (BDT50.1M).
Debt to Equity History and Analysis
Debt Level: CVOPRL's net debt to equity ratio (112.2%) is considered high.
Reducing Debt: CVOPRL's debt to equity ratio has increased from 66.8% to 112.4% over the past 5 years.
Debt Coverage: CVOPRL's debt is well covered by operating cash flow (42%).
Interest Coverage: CVOPRL's interest payments on its debt are well covered by EBIT (6.9x coverage).