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 107.9%. Its total assets and total liabilities are BDT2.8B and BDT1.7B respectively. Salvo Chemical Industry's EBIT is BDT303.4M making its interest coverage ratio 3.4. It has cash and short-term investments of BDT119.9M.
Key information
107.9%
Debt to equity ratio
৳1.14b
Debt
Interest coverage ratio | 3.4x |
Cash | ৳119.93m |
Equity | ৳1.05b |
Total liabilities | ৳1.70b |
Total assets | ৳2.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SALVOCHEM's short term assets (BDT736.8M) do not cover its short term liabilities (BDT1.1B).
Long Term Liabilities: SALVOCHEM's short term assets (BDT736.8M) exceed its long term liabilities (BDT652.4M).
Debt to Equity History and Analysis
Debt Level: SALVOCHEM's net debt to equity ratio (96.5%) is considered high.
Reducing Debt: SALVOCHEM's debt to equity ratio has increased from 77.3% to 107.9% over the past 5 years.
Debt Coverage: SALVOCHEM's debt is well covered by operating cash flow (30.9%).
Interest Coverage: SALVOCHEM's interest payments on its debt are well covered by EBIT (3.4x coverage).