Access Engineering Balance Sheet Health
Financial Health criteria checks 3/6
Access Engineering has a total shareholder equity of LKR37.9B and total debt of LKR21.4B, which brings its debt-to-equity ratio to 56.4%. Its total assets and total liabilities are LKR98.2B and LKR60.3B respectively. Access Engineering's EBIT is LKR6.0B making its interest coverage ratio 2.3. It has cash and short-term investments of LKR4.9B.
Key information
56.4%
Debt to equity ratio
LK₨21.38b
Debt
Interest coverage ratio | 2.3x |
Cash | LK₨4.93b |
Equity | LK₨37.93b |
Total liabilities | LK₨60.31b |
Total assets | LK₨98.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AEL.N0000's short term assets (LKR44.9B) exceed its short term liabilities (LKR39.7B).
Long Term Liabilities: AEL.N0000's short term assets (LKR44.9B) exceed its long term liabilities (LKR20.6B).
Debt to Equity History and Analysis
Debt Level: AEL.N0000's net debt to equity ratio (43.4%) is considered high.
Reducing Debt: AEL.N0000's debt to equity ratio has increased from 38.4% to 56.4% over the past 5 years.
Debt Coverage: AEL.N0000's debt is well covered by operating cash flow (20.4%).
Interest Coverage: AEL.N0000's interest payments on its debt are not well covered by EBIT (2.3x coverage).