ACL Cables Balance Sheet Health
Financial Health criteria checks 6/6
ACL Cables has a total shareholder equity of LKR32.5B and total debt of LKR2.3B, which brings its debt-to-equity ratio to 7.2%. Its total assets and total liabilities are LKR39.4B and LKR6.9B respectively. ACL Cables's EBIT is LKR5.3B making its interest coverage ratio -15.4. It has cash and short-term investments of LKR10.0B.
Key information
7.2%
Debt to equity ratio
LK₨2.33b
Debt
| Interest coverage ratio | -15.4x |
| Cash | LK₨10.01b |
| Equity | LK₨32.49b |
| Total liabilities | LK₨6.93b |
| Total assets | LK₨39.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ACL.N0000's short term assets (LKR29.2B) exceed its short term liabilities (LKR5.1B).
Long Term Liabilities: ACL.N0000's short term assets (LKR29.2B) 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 47.2% to 7.2% over the past 5 years.
Debt Coverage: ACL.N0000's debt is well covered by operating cash flow (117.8%).
Interest Coverage: ACL.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.