Diesel & Motor Engineering Balance Sheet Health
Financial Health criteria checks 2/6
Diesel & Motor Engineering has a total shareholder equity of LKR16.4B and total debt of LKR24.1B, which brings its debt-to-equity ratio to 147.2%. Its total assets and total liabilities are LKR51.6B and LKR35.2B respectively. Diesel & Motor Engineering's EBIT is LKR2.4B making its interest coverage ratio 0.9. It has cash and short-term investments of LKR4.4B.
Key information
147.2%
Debt to equity ratio
LK₨24.10b
Debt
| Interest coverage ratio | 0.9x |
| Cash | LK₨4.42b |
| Equity | LK₨16.37b |
| Total liabilities | LK₨35.23b |
| Total assets | LK₨51.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DIMO.N0000's short term assets (LKR30.5B) exceed its short term liabilities (LKR28.4B).
Long Term Liabilities: DIMO.N0000's short term assets (LKR30.5B) exceed its long term liabilities (LKR6.8B).
Debt to Equity History and Analysis
Debt Level: DIMO.N0000's net debt to equity ratio (120.2%) is considered high.
Reducing Debt: DIMO.N0000's debt to equity ratio has increased from 83.4% to 147.2% over the past 5 years.
Debt Coverage: DIMO.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: DIMO.N0000's interest payments on its debt are not well covered by EBIT (0.9x coverage).