Central Industries Balance Sheet Health
Financial Health criteria checks 6/6
Central Industries has a total shareholder equity of LKR3.7B and total debt of LKR37.3M, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are LKR4.3B and LKR617.4M respectively. Central Industries's EBIT is LKR638.5M making its interest coverage ratio -1.3. It has cash and short-term investments of LKR1.1B.
Key information
1.0%
Debt to equity ratio
LK₨37.26m
Debt
Interest coverage ratio | -1.3x |
Cash | LK₨1.15b |
Equity | LK₨3.66b |
Total liabilities | LK₨617.41m |
Total assets | LK₨4.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CIND.N0000's short term assets (LKR3.0B) exceed its short term liabilities (LKR437.9M).
Long Term Liabilities: CIND.N0000's short term assets (LKR3.0B) exceed its long term liabilities (LKR179.5M).
Debt to Equity History and Analysis
Debt Level: CIND.N0000 has more cash than its total debt.
Reducing Debt: CIND.N0000's debt to equity ratio has reduced from 15% to 1% over the past 5 years.
Debt Coverage: CIND.N0000's debt is well covered by operating cash flow (2573.8%).
Interest Coverage: CIND.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.