Kelani Cables Balance Sheet Health
Financial Health criteria checks 6/6
Kelani Cables has a total shareholder equity of LKR10.6B and total debt of LKR126.7M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are LKR12.6B and LKR2.1B respectively. Kelani Cables's EBIT is LKR2.1B making its interest coverage ratio -4.1. It has cash and short-term investments of LKR5.9B.
Key information
1.2%
Debt to equity ratio
LK₨126.73m
Debt
Interest coverage ratio | -4.1x |
Cash | LK₨5.86b |
Equity | LK₨10.57b |
Total liabilities | LK₨2.05b |
Total assets | LK₨12.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KCAB.N0000's short term assets (LKR10.7B) exceed its short term liabilities (LKR1.7B).
Long Term Liabilities: KCAB.N0000's short term assets (LKR10.7B) exceed its long term liabilities (LKR349.3M).
Debt to Equity History and Analysis
Debt Level: KCAB.N0000 has more cash than its total debt.
Reducing Debt: KCAB.N0000's debt to equity ratio has reduced from 24.2% to 1.2% over the past 5 years.
Debt Coverage: KCAB.N0000's debt is well covered by operating cash flow (2465.4%).
Interest Coverage: KCAB.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.