Kelani Tyres Balance Sheet Health
Financial Health criteria checks 4/6
Kelani Tyres has a total shareholder equity of LKR6.8B and total debt of LKR7.8M, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are LKR7.0B and LKR192.9M respectively.
Key information
0.1%
Debt to equity ratio
LK₨7.82m
Debt
| Interest coverage ratio | n/a |
| Cash | LK₨1.24b |
| Equity | LK₨6.85b |
| Total liabilities | LK₨192.88m |
| Total assets | LK₨7.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TYRE.N0000's short term assets (LKR1.3B) exceed its short term liabilities (LKR102.1M).
Long Term Liabilities: TYRE.N0000's short term assets (LKR1.3B) exceed its long term liabilities (LKR90.8M).
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 1.8% to 0.1% over the past 5 years.
Debt Coverage: TYRE.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if TYRE.N0000's interest payments on its debt are well covered by EBIT.