Bangladesh Steel Re-Rolling Mills Balance Sheet Health
Financial Health criteria checks 3/6
Bangladesh Steel Re-Rolling Mills has a total shareholder equity of BDT43.1B and total debt of BDT60.1B, which brings its debt-to-equity ratio to 139.5%. Its total assets and total liabilities are BDT114.0B and BDT70.9B respectively. Bangladesh Steel Re-Rolling Mills's EBIT is BDT10.2B making its interest coverage ratio 2.5. It has cash and short-term investments of BDT3.0B.
Key information
139.5%
Debt to equity ratio
৳60.09b
Debt
| Interest coverage ratio | 2.5x |
| Cash | ৳3.01b |
| Equity | ৳43.06b |
| Total liabilities | ৳70.95b |
| Total assets | ৳114.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BSRMLTD's short term assets (BDT67.7B) exceed its short term liabilities (BDT66.5B).
Long Term Liabilities: BSRMLTD's short term assets (BDT67.7B) exceed its long term liabilities (BDT4.4B).
Debt to Equity History and Analysis
Debt Level: BSRMLTD's net debt to equity ratio (132.5%) is considered high.
Reducing Debt: BSRMLTD's debt to equity ratio has reduced from 281.3% to 139.5% over the past 5 years.
Debt Coverage: BSRMLTD's debt is not well covered by operating cash flow (10.5%).
Interest Coverage: BSRMLTD's interest payments on its debt are not well covered by EBIT (2.5x coverage).