ACL Cables Balance Sheet Health
Financial Health criteria checks 6/6
ACL Cables has a total shareholder equity of LKR33.4B and total debt of LKR2.3B, which brings its debt-to-equity ratio to 6.8%. Its total assets and total liabilities are LKR40.1B and LKR6.7B respectively. ACL Cables's EBIT is LKR6.0B making its interest coverage ratio -12.2. It has cash and short-term investments of LKR10.5B.
Key information
6.8%
Debt to equity ratio
LK₨2.27b
Debt
| Interest coverage ratio | -12.2x |
| Cash | LK₨10.54b |
| Equity | LK₨33.44b |
| Total liabilities | LK₨6.69b |
| Total assets | LK₨40.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ACL.N0000's short term assets (LKR30.0B) exceed its short term liabilities (LKR4.9B).
Long Term Liabilities: ACL.N0000's short term assets (LKR30.0B) exceed its long term liabilities (LKR1.8B).
Debt to Equity History and Analysis
Debt Level: ACL.N0000 has more cash than its total debt.
Reducing Debt: ACL.N0000's debt to equity ratio has reduced from 40.4% to 6.8% over the past 5 years.
Debt Coverage: ACL.N0000's debt is well covered by operating cash flow (79.7%).
Interest Coverage: ACL.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.