Overall Score

Liquidity Solvency Risk

Current ratio remains very weak at 0.13, indicating limited short-term liquidity.

Cash ratio is only 0.07, so the bank still relies heavily on ongoing cash generation and balance-sheet flexibility.

Debt metrics remain manageable with debt-to-equity at 0.47 and net debt-to-EBITDA still negative at -1.05, which offsets some liquidity pressure.

Profitability Earnings Quality

Net margin is 19.7% and ROE is 14.1%, showing solid profitability for a bank.

Income quality is 1.13, suggesting earnings are reasonably supported by cash flow.

Interest coverage is weak at 0.58, so earnings resilience remains a concern if funding costs rise or margins compress.

Valuation Risk

Valuation remains moderate with EV/EBITDA at 6.5x and P/E at 9.8x.

Price-to-book of 1.22x is not demanding for a profitable bank.

Free cash flow yield of 10.6% provides some valuation support, but the discount is partly offset by liquidity and coverage concerns.

Capital Efficiency Balance Sheet Flexibility

ROIC of 8.0% and ROCE of 11.5% indicate acceptable capital efficiency.

Tangible book value per share of 25.41 and book value per share of 29.91 provide a solid equity base.

Working capital remains deeply negative at -2.14B, limiting flexibility despite strong cash per share of 32.