Golden Harvest Agro Industries Balance Sheet Health
Financial Health criteria checks 3/6
Golden Harvest Agro Industries has a total shareholder equity of BDT2.8B and total debt of BDT2.1B, which brings its debt-to-equity ratio to 74.2%. Its total assets and total liabilities are BDT5.2B and BDT2.4B respectively. Golden Harvest Agro Industries's EBIT is BDT250.9M making its interest coverage ratio 1.6. It has cash and short-term investments of BDT272.9M.
Key information
74.2%
Debt to equity ratio
৳2.12b
Debt
| Interest coverage ratio | 1.6x |
| Cash | ৳272.86m |
| Equity | ৳2.85b |
| Total liabilities | ৳2.38b |
| Total assets | ৳5.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GHAIL's short term assets (BDT2.0B) exceed its short term liabilities (BDT1.3B).
Long Term Liabilities: GHAIL's short term assets (BDT2.0B) exceed its long term liabilities (BDT1.1B).
Debt to Equity History and Analysis
Debt Level: GHAIL's net debt to equity ratio (64.6%) is considered high.
Reducing Debt: GHAIL's debt to equity ratio has reduced from 136.4% to 74.2% over the past 5 years.
Debt Coverage: GHAIL's debt is not well covered by operating cash flow (10.3%).
Interest Coverage: GHAIL's interest payments on its debt are not well covered by EBIT (1.6x coverage).