Confidence Cement Balance Sheet Health
Financial Health criteria checks 1/6
Confidence Cement has a total shareholder equity of BDT6.4B and total debt of BDT5.7B, which brings its debt-to-equity ratio to 88.9%. Its total assets and total liabilities are BDT14.2B and BDT7.8B respectively. Confidence Cement's EBIT is BDT471.9M making its interest coverage ratio 1. It has cash and short-term investments of BDT189.6M.
Key information
88.9%
Debt to equity ratio
৳5.69b
Debt
| Interest coverage ratio | 1x |
| Cash | ৳189.56m |
| Equity | ৳6.40b |
| Total liabilities | ৳7.75b |
| Total assets | ৳14.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CONFIDCEM's short term assets (BDT4.0B) do not cover its short term liabilities (BDT6.7B).
Long Term Liabilities: CONFIDCEM's short term assets (BDT4.0B) exceed its long term liabilities (BDT1.1B).
Debt to Equity History and Analysis
Debt Level: CONFIDCEM's net debt to equity ratio (85.9%) is considered high.
Reducing Debt: CONFIDCEM's debt to equity ratio has increased from 83% to 88.9% over the past 5 years.
Debt Coverage: CONFIDCEM's debt is not well covered by operating cash flow (2%).
Interest Coverage: CONFIDCEM's interest payments on its debt are not well covered by EBIT (1x coverage).