Meghna Insurance Balance Sheet Health
Financial Health criteria checks 6/6
Meghna Insurance has a total shareholder equity of BDT609.5M and total debt of BDT8.5M, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are BDT1.4B and BDT772.2M respectively. Meghna Insurance's EBIT is BDT221.3M making its interest coverage ratio 288.3. It has cash and short-term investments of BDT681.0M.
Key information
1.4%
Debt to equity ratio
৳8.54m
Debt
Interest coverage ratio | 288.3x |
Cash | ৳680.98m |
Equity | ৳609.49m |
Total liabilities | ৳772.17m |
Total assets | ৳1.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MEGHNAINS's short term assets (BDT1.1B) exceed its short term liabilities (BDT703.3M).
Long Term Liabilities: MEGHNAINS's short term assets (BDT1.1B) exceed its long term liabilities (BDT68.9M).
Debt to Equity History and Analysis
Debt Level: MEGHNAINS has more cash than its total debt.
Reducing Debt: MEGHNAINS's debt to equity ratio has reduced from 69.7% to 1.4% over the past 5 years.
Debt Coverage: MEGHNAINS's debt is well covered by operating cash flow (40.1%).
Interest Coverage: MEGHNAINS's interest payments on its debt are well covered by EBIT (288.3x coverage).