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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/31 20:21 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/03/31 |
| Annual Earnings | 2023/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Summit Power Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tanay Roy | Tellimer Research |
| Auneea Haquee | Tellimer Research |