Olympic Industries Balance Sheet Health
Financial Health criteria checks 6/6
Olympic Industries has a total shareholder equity of BDT10.0B and total debt of BDT2.0B, which brings its debt-to-equity ratio to 19.8%. Its total assets and total liabilities are BDT15.5B and BDT5.5B respectively. Olympic Industries's EBIT is BDT2.2B making its interest coverage ratio -44.9. It has cash and short-term investments of BDT4.7B.
Key information
19.8%
Debt to equity ratio
৳1.98b
Debt
Interest coverage ratio | -44.9x |
Cash | ৳4.72b |
Equity | ৳9.97b |
Total liabilities | ৳5.49b |
Total assets | ৳15.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OLYMPIC's short term assets (BDT9.8B) exceed its short term liabilities (BDT5.1B).
Long Term Liabilities: OLYMPIC's short term assets (BDT9.8B) exceed its long term liabilities (BDT348.8M).
Debt to Equity History and Analysis
Debt Level: OLYMPIC has more cash than its total debt.
Reducing Debt: OLYMPIC's debt to equity ratio has reduced from 28.3% to 19.8% over the past 5 years.
Debt Coverage: OLYMPIC's debt is well covered by operating cash flow (69.3%).
Interest Coverage: OLYMPIC earns more interest than it pays, so coverage of interest payments is not a concern.