Index Agro Industries Balance Sheet Health
Financial Health criteria checks 4/6
Index Agro Industries has a total shareholder equity of BDT3.8B and total debt of BDT1.9B, which brings its debt-to-equity ratio to 50.5%. Its total assets and total liabilities are BDT6.2B and BDT2.4B respectively. Index Agro Industries's EBIT is BDT631.4M making its interest coverage ratio 2.8. It has cash and short-term investments of BDT132.4M.
Key information
50.5%
Debt to equity ratio
৳1.91b
Debt
Interest coverage ratio | 2.8x |
Cash | ৳132.38m |
Equity | ৳3.77b |
Total liabilities | ৳2.44b |
Total assets | ৳6.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: INDEXAGRO's short term assets (BDT3.6B) exceed its short term liabilities (BDT1.9B).
Long Term Liabilities: INDEXAGRO's short term assets (BDT3.6B) exceed its long term liabilities (BDT500.9M).
Debt to Equity History and Analysis
Debt Level: INDEXAGRO's net debt to equity ratio (47%) is considered high.
Reducing Debt: INDEXAGRO's debt to equity ratio has reduced from 62.2% to 50.5% over the past 5 years.
Debt Coverage: INDEXAGRO's debt is well covered by operating cash flow (48.6%).
Interest Coverage: INDEXAGRO's interest payments on its debt are not well covered by EBIT (2.8x coverage).