Meghna Petroleum Balance Sheet Health
Financial Health criteria checks 5/6
Meghna Petroleum has a total shareholder equity of BDT22.9B and total debt of BDT174.1M, which brings its debt-to-equity ratio to 0.8%. Its total assets and total liabilities are BDT109.6B and BDT86.8B respectively. Meghna Petroleum's EBIT is BDT1.4B making its interest coverage ratio -0.3. It has cash and short-term investments of BDT48.1B.
Key information
0.8%
Debt to equity ratio
৳174.09m
Debt
| Interest coverage ratio | -0.3x |
| Cash | ৳48.10b |
| Equity | ৳22.86b |
| Total liabilities | ৳86.79b |
| Total assets | ৳109.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MPETROLEUM's short term assets (BDT96.0B) exceed its short term liabilities (BDT86.5B).
Long Term Liabilities: MPETROLEUM's short term assets (BDT96.0B) exceed its long term liabilities (BDT242.5M).
Debt to Equity History and Analysis
Debt Level: MPETROLEUM has more cash than its total debt.
Reducing Debt: MPETROLEUM's debt to equity ratio has reduced from 28.7% to 0.8% over the past 5 years.
Debt Coverage: MPETROLEUM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MPETROLEUM earns more interest than it pays, so coverage of interest payments is not a concern.