Miracle Industries Balance Sheet Health
Financial Health criteria checks 1/6
Miracle Industries has a total shareholder equity of BDT551.5M and total debt of BDT730.7M, which brings its debt-to-equity ratio to 132.5%. Its total assets and total liabilities are BDT1.4B and BDT863.3M respectively.
Key information
132.5%
Debt to equity ratio
৳730.73m
Debt
| Interest coverage ratio | n/a |
| Cash | ৳1.92m |
| Equity | ৳551.46m |
| Total liabilities | ৳863.32m |
| Total assets | ৳1.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIRACLEIND's short term assets (BDT159.4M) do not cover its short term liabilities (BDT728.8M).
Long Term Liabilities: MIRACLEIND's short term assets (BDT159.4M) exceed its long term liabilities (BDT134.6M).
Debt to Equity History and Analysis
Debt Level: MIRACLEIND's net debt to equity ratio (132.2%) is considered high.
Reducing Debt: MIRACLEIND's debt to equity ratio has increased from 50% to 132.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MIRACLEIND has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MIRACLEIND has less than a year of cash runway if free cash flow continues to reduce at historical rates of 29.3% each year