Bangladesh Shipping Balance Sheet Health
Financial Health criteria checks 5/6
Bangladesh Shipping has a total shareholder equity of BDT13.8B and total debt of BDT15.7B, which brings its debt-to-equity ratio to 113.1%. Its total assets and total liabilities are BDT35.9B and BDT22.1B respectively. Bangladesh Shipping's EBIT is BDT1.5B making its interest coverage ratio -13.4. It has cash and short-term investments of BDT12.4B.
Key information
113.1%
Debt to equity ratio
৳15.67b
Debt
Interest coverage ratio | -13.4x |
Cash | ৳12.41b |
Equity | ৳13.85b |
Total liabilities | ৳22.05b |
Total assets | ৳35.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BSC's short term assets (BDT19.9B) exceed its short term liabilities (BDT5.5B).
Long Term Liabilities: BSC's short term assets (BDT19.9B) exceed its long term liabilities (BDT16.5B).
Debt to Equity History and Analysis
Debt Level: BSC's net debt to equity ratio (23.5%) is considered satisfactory.
Reducing Debt: BSC's debt to equity ratio has increased from 58.7% to 113.1% over the past 5 years.
Debt Coverage: BSC's debt is well covered by operating cash flow (25.1%).
Interest Coverage: BSC earns more interest than it pays, so coverage of interest payments is not a concern.