Salvo Chemical Industry Balance Sheet Health
Financial Health criteria checks 3/6
Salvo Chemical Industry has a total shareholder equity of BDT1.1B and total debt of BDT1.1B, which brings its debt-to-equity ratio to 99.3%. Its total assets and total liabilities are BDT2.7B and BDT1.6B respectively. Salvo Chemical Industry's EBIT is BDT322.9M making its interest coverage ratio 3.3. It has cash and short-term investments of BDT152.9M.
Key information
99.3%
Debt to equity ratio
৳1.07b
Debt
| Interest coverage ratio | 3.3x |
| Cash | ৳152.93m |
| Equity | ৳1.08b |
| Total liabilities | ৳1.64b |
| Total assets | ৳2.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SALVOCHEM's short term assets (BDT691.8M) do not cover its short term liabilities (BDT1.0B).
Long Term Liabilities: SALVOCHEM's short term assets (BDT691.8M) exceed its long term liabilities (BDT632.3M).
Debt to Equity History and Analysis
Debt Level: SALVOCHEM's net debt to equity ratio (85.2%) is considered high.
Reducing Debt: SALVOCHEM's debt to equity ratio has increased from 76.8% to 99.3% over the past 5 years.
Debt Coverage: SALVOCHEM's debt is well covered by operating cash flow (35.6%).
Interest Coverage: SALVOCHEM's interest payments on its debt are well covered by EBIT (3.3x coverage).