Lanka Ashok Leyland Balance Sheet Health
Financial Health criteria checks 6/6
Lanka Ashok Leyland has a total shareholder equity of LKR4.4B and total debt of LKR23.1M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are LKR7.0B and LKR2.6B respectively. Lanka Ashok Leyland's EBIT is LKR793.6M making its interest coverage ratio -3. It has cash and short-term investments of LKR1.0B.
Key information
0.5%
Debt to equity ratio
LK₨23.11m
Debt
Interest coverage ratio | -3x |
Cash | LK₨1.05b |
Equity | LK₨4.42b |
Total liabilities | LK₨2.60b |
Total assets | LK₨7.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ASHO.N0000's short term assets (LKR5.7B) exceed its short term liabilities (LKR2.5B).
Long Term Liabilities: ASHO.N0000's short term assets (LKR5.7B) exceed its long term liabilities (LKR117.8M).
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 48.5% to 0.5% over the past 5 years.
Debt Coverage: ASHO.N0000's debt is well covered by operating cash flow (2885.6%).
Interest Coverage: ASHO.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.