FAR Chemical & Textile Ind Balance Sheet Health
Financial Health criteria checks 2/6
FAR Chemical & Textile Ind has a total shareholder equity of BDT5.0B and total debt of BDT2.3B, which brings its debt-to-equity ratio to 46.3%. Its total assets and total liabilities are BDT8.0B and BDT3.0B respectively. FAR Chemical & Textile Ind's EBIT is BDT219.1M making its interest coverage ratio 1.3. It has cash and short-term investments of BDT201.8M.
Key information
46.3%
Debt to equity ratio
৳2.32b
Debt
| Interest coverage ratio | 1.3x |
| Cash | ৳201.80m |
| Equity | ৳5.01b |
| Total liabilities | ৳2.96b |
| Total assets | ৳7.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FARCHEM's short term assets (BDT3.0B) exceed its short term liabilities (BDT2.7B).
Long Term Liabilities: FARCHEM's short term assets (BDT3.0B) exceed its long term liabilities (BDT282.0M).
Debt to Equity History and Analysis
Debt Level: FARCHEM's net debt to equity ratio (42.3%) is considered high.
Reducing Debt: FARCHEM's debt to equity ratio has increased from 0.07% to 46.3% over the past 5 years.
Debt Coverage: FARCHEM's debt is not well covered by operating cash flow (0.4%).
Interest Coverage: FARCHEM's interest payments on its debt are not well covered by EBIT (1.3x coverage).