Bangas Balance Sheet Health
Financial Health criteria checks 4/6
Bangas has a total shareholder equity of BDT159.8M and total debt of BDT25.5M, which brings its debt-to-equity ratio to 15.9%. Its total assets and total liabilities are BDT225.2M and BDT65.3M respectively. Bangas's EBIT is BDT4.9M making its interest coverage ratio 2.1. It has cash and short-term investments of BDT5.9M.
Key information
15.9%
Debt to equity ratio
৳25.48m
Debt
Interest coverage ratio | 2.1x |
Cash | ৳5.93m |
Equity | ৳159.81m |
Total liabilities | ৳65.35m |
Total assets | ৳225.16m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BANGAS's short term assets (BDT137.9M) exceed its short term liabilities (BDT63.3M).
Long Term Liabilities: BANGAS's short term assets (BDT137.9M) exceed its long term liabilities (BDT2.1M).
Debt to Equity History and Analysis
Debt Level: BANGAS's net debt to equity ratio (12.2%) is considered satisfactory.
Reducing Debt: BANGAS's debt to equity ratio has reduced from 17.6% to 15.9% over the past 5 years.
Debt Coverage: BANGAS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BANGAS's interest payments on its debt are not well covered by EBIT (2.1x coverage).