Kelani Tyres Balance Sheet Health
Financial Health criteria checks 5/6
Kelani Tyres has a total shareholder equity of LKR6.7B and total debt of LKR23.0M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are LKR6.8B and LKR138.7M respectively.
Key information
0.3%
Debt to equity ratio
LK₨23.00m
Debt
Interest coverage ratio | n/a |
Cash | LK₨1.14b |
Equity | LK₨6.66b |
Total liabilities | LK₨138.66m |
Total assets | LK₨6.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TYRE.N0000's short term assets (LKR1.2B) exceed its short term liabilities (LKR90.3M).
Long Term Liabilities: TYRE.N0000's short term assets (LKR1.2B) exceed its long term liabilities (LKR48.4M).
Debt to Equity History and Analysis
Debt Level: TYRE.N0000 has more cash than its total debt.
Reducing Debt: TYRE.N0000's debt to equity ratio has reduced from 0.9% to 0.3% over the past 5 years.
Debt Coverage: TYRE.N0000's debt is well covered by operating cash flow (603.2%).
Interest Coverage: Insufficient data to determine if TYRE.N0000's interest payments on its debt are well covered by EBIT.