Wata Chemicals Balance Sheet Health
Financial Health criteria checks 1/6
Wata Chemicals has a total shareholder equity of BDT913.1M and total debt of BDT1.6B, which brings its debt-to-equity ratio to 179.8%. Its total assets and total liabilities are BDT2.7B and BDT1.8B respectively. Wata Chemicals's EBIT is BDT174.0M making its interest coverage ratio 1.1. It has cash and short-term investments of BDT35.5M.
Key information
179.8%
Debt to equity ratio
৳1.64b
Debt
| Interest coverage ratio | 1.1x |
| Cash | ৳35.47m |
| Equity | ৳913.13m |
| Total liabilities | ৳1.78b |
| Total assets | ৳2.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WATACHEM's short term assets (BDT881.9M) do not cover its short term liabilities (BDT1.3B).
Long Term Liabilities: WATACHEM's short term assets (BDT881.9M) exceed its long term liabilities (BDT522.2M).
Debt to Equity History and Analysis
Debt Level: WATACHEM's net debt to equity ratio (175.9%) is considered high.
Reducing Debt: WATACHEM's debt to equity ratio has increased from 140.2% to 179.8% over the past 5 years.
Debt Coverage: WATACHEM's debt is not well covered by operating cash flow (15.2%).
Interest Coverage: WATACHEM's interest payments on its debt are not well covered by EBIT (1.1x coverage).