Summit Power Balance Sheet Health
Financial Health criteria checks 5/6
Summit Power has a total shareholder equity of BDT58.0B and total debt of BDT29.4B, which brings its debt-to-equity ratio to 50.7%. Its total assets and total liabilities are BDT98.3B and BDT40.3B respectively. Summit Power's EBIT is BDT6.1B making its interest coverage ratio 2.1. It has cash and short-term investments of BDT7.1B.
Key information
50.7%
Debt to equity ratio
৳29.40b
Debt
| Interest coverage ratio | 2.1x |
| Cash | ৳7.12b |
| Equity | ৳57.96b |
| Total liabilities | ৳40.35b |
| Total assets | ৳98.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SUMITPOWER's short term assets (BDT38.9B) exceed its short term liabilities (BDT24.2B).
Long Term Liabilities: SUMITPOWER's short term assets (BDT38.9B) exceed its long term liabilities (BDT16.2B).
Debt to Equity History and Analysis
Debt Level: SUMITPOWER's net debt to equity ratio (38.5%) is considered satisfactory.
Reducing Debt: SUMITPOWER's debt to equity ratio has reduced from 58.5% to 50.7% over the past 5 years.
Debt Coverage: SUMITPOWER's debt is well covered by operating cash flow (33.7%).
Interest Coverage: SUMITPOWER's interest payments on its debt are not well covered by EBIT (2.1x coverage).