Fu-Wang Foods Balance Sheet Health
Financial Health criteria checks 2/6
Fu-Wang Foods has a total shareholder equity of BDT225.3M and total debt of BDT160.1M, which brings its debt-to-equity ratio to 71.1%. Its total assets and total liabilities are BDT1.2B and BDT962.4M respectively. Fu-Wang Foods's EBIT is BDT5.9M making its interest coverage ratio 0.3. It has cash and short-term investments of BDT9.3M.
Key information
71.1%
Debt to equity ratio
৳160.13m
Debt
| Interest coverage ratio | 0.3x |
| Cash | ৳9.26m |
| Equity | ৳225.30m |
| Total liabilities | ৳962.43m |
| Total assets | ৳1.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FUWANGFOOD's short term assets (BDT582.1M) do not cover its short term liabilities (BDT898.0M).
Long Term Liabilities: FUWANGFOOD's short term assets (BDT582.1M) exceed its long term liabilities (BDT64.4M).
Debt to Equity History and Analysis
Debt Level: FUWANGFOOD's net debt to equity ratio (67%) is considered high.
Reducing Debt: FUWANGFOOD's debt to equity ratio has increased from 13% to 71.1% over the past 5 years.
Debt Coverage: FUWANGFOOD's debt is well covered by operating cash flow (31.8%).
Interest Coverage: FUWANGFOOD's interest payments on its debt are not well covered by EBIT (0.3x coverage).