Rangpur Foundry Balance Sheet Health
Financial Health criteria checks 5/6
Rangpur Foundry has a total shareholder equity of BDT328.3M and total debt of BDT133.1M, which brings its debt-to-equity ratio to 40.6%. Its total assets and total liabilities are BDT506.3M and BDT178.1M respectively. Rangpur Foundry's EBIT is BDT85.1M making its interest coverage ratio 2.5. It has cash and short-term investments of BDT69.8M.
Key information
40.6%
Debt to equity ratio
৳133.13m
Debt
Interest coverage ratio | 2.5x |
Cash | ৳69.83m |
Equity | ৳328.27m |
Total liabilities | ৳178.07m |
Total assets | ৳506.34m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RANFOUNDRY's short term assets (BDT442.9M) exceed its short term liabilities (BDT176.7M).
Long Term Liabilities: RANFOUNDRY's short term assets (BDT442.9M) exceed its long term liabilities (BDT1.3M).
Debt to Equity History and Analysis
Debt Level: RANFOUNDRY's net debt to equity ratio (19.3%) is considered satisfactory.
Reducing Debt: RANFOUNDRY's debt to equity ratio has reduced from 49.6% to 40.6% over the past 5 years.
Debt Coverage: RANFOUNDRY's debt is well covered by operating cash flow (33.2%).
Interest Coverage: RANFOUNDRY's interest payments on its debt are not well covered by EBIT (2.5x coverage).