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 ratio | 1.6x |
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).