Bangladesh Thai Aluminium Balance Sheet Health
Financial Health criteria checks 2/6
Bangladesh Thai Aluminium has a total shareholder equity of BDT3.5B and total debt of BDT1.8B, which brings its debt-to-equity ratio to 50.4%. Its total assets and total liabilities are BDT6.0B and BDT2.5B respectively. Bangladesh Thai Aluminium's EBIT is BDT47.2M making its interest coverage ratio 0.4. It has cash and short-term investments of BDT23.2M.
Key information
50.4%
Debt to equity ratio
৳1.77b
Debt
Interest coverage ratio | 0.4x |
Cash | ৳23.20m |
Equity | ৳3.50b |
Total liabilities | ৳2.53b |
Total assets | ৳6.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BDTHAI's short term assets (BDT3.3B) exceed its short term liabilities (BDT1.3B).
Long Term Liabilities: BDTHAI's short term assets (BDT3.3B) exceed its long term liabilities (BDT1.2B).
Debt to Equity History and Analysis
Debt Level: BDTHAI's net debt to equity ratio (49.8%) is considered high.
Reducing Debt: BDTHAI's debt to equity ratio has increased from 42.1% to 50.4% over the past 5 years.
Debt Coverage: BDTHAI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BDTHAI's interest payments on its debt are not well covered by EBIT (0.4x coverage).