Diesel & Motor Engineering Balance Sheet Health
Financial Health criteria checks 2/6
Diesel & Motor Engineering has a total shareholder equity of LKR16.6B and total debt of LKR26.9B, which brings its debt-to-equity ratio to 162.6%. Its total assets and total liabilities are LKR53.8B and LKR37.3B respectively. Diesel & Motor Engineering's EBIT is LKR2.5B making its interest coverage ratio 1. It has cash and short-term investments of LKR3.0B.
Key information
162.6%
Debt to equity ratio
LK₨26.91b
Debt
| Interest coverage ratio | 1x |
| Cash | LK₨2.96b |
| Equity | LK₨16.55b |
| Total liabilities | LK₨37.27b |
| Total assets | LK₨53.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DIMO.N0000's short term assets (LKR31.9B) exceed its short term liabilities (LKR30.1B).
Long Term Liabilities: DIMO.N0000's short term assets (LKR31.9B) exceed its long term liabilities (LKR7.2B).
Debt to Equity History and Analysis
Debt Level: DIMO.N0000's net debt to equity ratio (144.7%) is considered high.
Reducing Debt: DIMO.N0000's debt to equity ratio has increased from 87.6% to 162.6% 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 (1x coverage).