Rangpur Foundry Balance Sheet Health
Financial Health criteria checks 4/6
Rangpur Foundry has a total shareholder equity of BDT347.1M and total debt of BDT121.5M, which brings its debt-to-equity ratio to 35%. Its total assets and total liabilities are BDT497.6M and BDT150.5M respectively. Rangpur Foundry's EBIT is BDT86.2M making its interest coverage ratio 2.4. It has cash and short-term investments of BDT11.8M.
Key information
35.0%
Debt to equity ratio
৳121.53m
Debt
| Interest coverage ratio | 2.4x |
| Cash | ৳11.85m |
| Equity | ৳347.07m |
| Total liabilities | ৳150.51m |
| Total assets | ৳497.59m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RANFOUNDRY's short term assets (BDT437.3M) exceed its short term liabilities (BDT149.3M).
Long Term Liabilities: RANFOUNDRY's short term assets (BDT437.3M) exceed its long term liabilities (BDT1.2M).
Debt to Equity History and Analysis
Debt Level: RANFOUNDRY's net debt to equity ratio (31.6%) is considered satisfactory.
Reducing Debt: RANFOUNDRY's debt to equity ratio has reduced from 46.9% to 35% over the past 5 years.
Debt Coverage: RANFOUNDRY's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: RANFOUNDRY's interest payments on its debt are not well covered by EBIT (2.4x coverage).