Access Engineering Balance Sheet Health
Financial Health criteria checks 2/6
Access Engineering has a total shareholder equity of LKR39.1B and total debt of LKR22.1B, which brings its debt-to-equity ratio to 56.4%. Its total assets and total liabilities are LKR101.9B and LKR62.8B respectively. Access Engineering's EBIT is LKR6.8B making its interest coverage ratio 2.8. It has cash and short-term investments of LKR4.0B.
Key information
56.4%
Debt to equity ratio
LK₨22.07b
Debt
| Interest coverage ratio | 2.8x |
| Cash | LK₨3.98b |
| Equity | LK₨39.10b |
| Total liabilities | LK₨62.75b |
| Total assets | LK₨101.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AEL.N0000's short term assets (LKR47.5B) exceed its short term liabilities (LKR41.8B).
Long Term Liabilities: AEL.N0000's short term assets (LKR47.5B) exceed its long term liabilities (LKR20.9B).
Debt to Equity History and Analysis
Debt Level: AEL.N0000's net debt to equity ratio (46.2%) is considered high.
Reducing Debt: AEL.N0000's debt to equity ratio has increased from 36.9% to 56.4% over the past 5 years.
Debt Coverage: AEL.N0000's debt is not well covered by operating cash flow (1.1%).
Interest Coverage: AEL.N0000's interest payments on its debt are not well covered by EBIT (2.8x coverage).