Wata Chemicals Balance Sheet Health
Financial Health criteria checks 1/6
Wata Chemicals has a total shareholder equity of BDT918.5M and total debt of BDT1.8B, which brings its debt-to-equity ratio to 191%. Its total assets and total liabilities are BDT2.8B and BDT1.9B respectively. Wata Chemicals's EBIT is BDT198.1M making its interest coverage ratio 1.3. It has cash and short-term investments of BDT8.6M.
Key information
191.0%
Debt to equity ratio
৳1.75b
Debt
| Interest coverage ratio | 1.3x |
| Cash | ৳8.56m |
| Equity | ৳918.48m |
| Total liabilities | ৳1.92b |
| Total assets | ৳2.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WATACHEM's short term assets (BDT1.0B) do not cover its short term liabilities (BDT1.4B).
Long Term Liabilities: WATACHEM's short term assets (BDT1.0B) exceed its long term liabilities (BDT487.2M).
Debt to Equity History and Analysis
Debt Level: WATACHEM's net debt to equity ratio (190%) is considered high.
Reducing Debt: WATACHEM's debt to equity ratio has increased from 134.2% to 191% over the past 5 years.
Debt Coverage: WATACHEM's debt is not well covered by operating cash flow (4.9%).
Interest Coverage: WATACHEM's interest payments on its debt are not well covered by EBIT (1.3x coverage).