Confidence Cement Balance Sheet Health
Financial Health criteria checks 2/6
Confidence Cement has a total shareholder equity of BDT6.4B and total debt of BDT6.2B, which brings its debt-to-equity ratio to 95.5%. Its total assets and total liabilities are BDT14.3B and BDT7.8B respectively. Confidence Cement's EBIT is BDT512.2M making its interest coverage ratio 1.3. It has cash and short-term investments of BDT203.4M.
Key information
95.5%
Debt to equity ratio
৳6.16b
Debt
| Interest coverage ratio | 1.3x |
| Cash | ৳203.37m |
| Equity | ৳6.45b |
| Total liabilities | ৳7.85b |
| Total assets | ৳14.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CONFIDCEM's short term assets (BDT4.1B) do not cover its short term liabilities (BDT7.0B).
Long Term Liabilities: CONFIDCEM's short term assets (BDT4.1B) exceed its long term liabilities (BDT838.3M).
Debt to Equity History and Analysis
Debt Level: CONFIDCEM's net debt to equity ratio (92.4%) is considered high.
Reducing Debt: CONFIDCEM's debt to equity ratio has reduced from 167.8% to 95.5% over the past 5 years.
Debt Coverage: CONFIDCEM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CONFIDCEM's interest payments on its debt are not well covered by EBIT (1.3x coverage).