Measuring Financial Soundness of Selected Cement Industries in Bangladesh

Sharifa Akter Nipa
Additional contact information
Sharifa Akter Nipa: Begum Rokeya University, Rangpur

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 3, 142-157

Abstract: Financial stability is a current concern for the industries in Bangladesh because of the recent COVID-19 pandemic. Cement industries are important for the construction industry. In this study,the researcher attempted to figure out the financial soundness of the cement industries in Bangladesh by examining the Altman Z-score model. In this research,seven cement industries are considered which are listed in the stock market of Bangladesh. In the case of estimating this score, the author highlighted overall calculations including three basic pillars of finance- liquidity, profitability, and solvency ratios. The result suggested that out of seven industries, two were in a healthy zone whereas others were into bankruptcy with poor profitability, risky investing vs saving management, and macroeconomic pressure on the supply chain resulting in high and exporting-oriented raw material.This paper can give a brief overview of the financial condition of the cement industry and policymakers can find out ways to improve the overall situation through several stringent but practical policy taking.

Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.rsisinternational.org/journals/ijriss/ ... -issue-3/142-157.pdf (application/pdf)
https://www.rsisinternational.org/journals/ijriss/ ... tries-in-bangladesh/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:8:y:2024:i:3:p:142-157

Access Statistics for this article

International Journal of Research and Innovation in Social Science is currently edited by Dr. Nidhi Malhan

More articles in International Journal of Research and Innovation in Social Science from International Journal of Research and Innovation in Social Science (IJRISS)
Bibliographic data for series maintained by Dr. Pawan Verma (ijriss@rsisinternational.org).