Sinobangla Industries Limited

DSE:SINOBANGLA Stock Report

Market Cap: ৳1.1b

Sinobangla Industries Balance Sheet Health

Financial Health criteria checks 5/6

Sinobangla Industries has a total shareholder equity of BDT780.6M and total debt of BDT346.6M, which brings its debt-to-equity ratio to 44.4%. Its total assets and total liabilities are BDT2.6B and BDT1.8B respectively. Sinobangla Industries's EBIT is BDT134.6M making its interest coverage ratio 1.6. It has cash and short-term investments of BDT238.5M.

Key information

44.4%

Debt to equity ratio

৳346.57m

Debt

Interest coverage ratio1.6x
Cash৳238.49m
Equity৳780.57m
Total liabilities৳1.83b
Total assets৳2.61b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: SINOBANGLA's short term assets (BDT1.6B) exceed its short term liabilities (BDT1.4B).

Long Term Liabilities: SINOBANGLA's short term assets (BDT1.6B) exceed its long term liabilities (BDT441.1M).


Debt to Equity History and Analysis

Debt Level: SINOBANGLA's net debt to equity ratio (13.8%) is considered satisfactory.

Reducing Debt: SINOBANGLA's debt to equity ratio has reduced from 69.2% to 44.4% over the past 5 years.

Debt Coverage: SINOBANGLA's debt is well covered by operating cash flow (21.1%).

Interest Coverage: SINOBANGLA's interest payments on its debt are not well covered by EBIT (1.6x coverage).


Balance Sheet


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