Lanka Ashok Leyland Balance Sheet Health
Financial Health criteria checks 6/6
Lanka Ashok Leyland has a total shareholder equity of LKR5.0B and total debt of LKR13.4M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are LKR6.9B and LKR2.0B respectively. Lanka Ashok Leyland's EBIT is LKR1.4B making its interest coverage ratio -5.8. It has cash and short-term investments of LKR1.3B.
Key information
0.3%
Debt to equity ratio
LK₨13.43m
Debt
| Interest coverage ratio | -5.8x |
| Cash | LK₨1.32b |
| Equity | LK₨4.96b |
| Total liabilities | LK₨1.96b |
| Total assets | LK₨6.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ASHO.N0000's short term assets (LKR5.5B) exceed its short term liabilities (LKR1.9B).
Long Term Liabilities: ASHO.N0000's short term assets (LKR5.5B) exceed its long term liabilities (LKR110.0M).
Debt to Equity History and Analysis
Debt Level: ASHO.N0000 has more cash than its total debt.
Reducing Debt: ASHO.N0000's debt to equity ratio has reduced from 69.6% to 0.3% over the past 5 years.
Debt Coverage: ASHO.N0000's debt is well covered by operating cash flow (4603.7%).
Interest Coverage: ASHO.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.