Sinobangla Industries Balance Sheet Health
Financial Health criteria checks 4/6
Sinobangla Industries has a total shareholder equity of BDT582.1M and total debt of BDT262.9M, which brings its debt-to-equity ratio to 45.2%. Its total assets and total liabilities are BDT2.4B and BDT1.8B respectively. Sinobangla Industries's EBIT is BDT105.0M making its interest coverage ratio 1.5. It has cash and short-term investments of BDT116.0M.
Key information
45.2%
Debt to equity ratio
৳262.87m
Debt
Interest coverage ratio | 1.5x |
Cash | ৳115.96m |
Equity | ৳582.09m |
Total liabilities | ৳1.80b |
Total assets | ৳2.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SINOBANGLA's short term assets (BDT1.4B) do not cover its short term liabilities (BDT1.4B).
Long Term Liabilities: SINOBANGLA's short term assets (BDT1.4B) exceed its long term liabilities (BDT399.0M).
Debt to Equity History and Analysis
Debt Level: SINOBANGLA's net debt to equity ratio (25.2%) is considered satisfactory.
Reducing Debt: SINOBANGLA's debt to equity ratio has reduced from 58% to 45.2% over the past 5 years.
Debt Coverage: SINOBANGLA's debt is well covered by operating cash flow (112.9%).
Interest Coverage: SINOBANGLA's interest payments on its debt are not well covered by EBIT (1.5x coverage).