Greentech Energy Balance Sheet Health
Financial Health criteria checks 5/6
Greentech Energy has a total shareholder equity of LKR289.3M and total debt of LKR8.3M, which brings its debt-to-equity ratio to 2.9%. Its total assets and total liabilities are LKR301.7M and LKR12.4M respectively. Greentech Energy's EBIT is LKR2.9M making its interest coverage ratio -1.4. It has cash and short-term investments of LKR39.9M.
Key information
2.9%
Debt to equity ratio
LK₨8.27m
Debt
| Interest coverage ratio | -1.4x |
| Cash | LK₨39.86m |
| Equity | LK₨289.32m |
| Total liabilities | LK₨12.42m |
| Total assets | LK₨301.74m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MEL.N0000's short term assets (LKR261.9M) exceed its short term liabilities (LKR12.4M).
Long Term Liabilities: MEL.N0000's short term assets (LKR261.9M) do not cover its long term liabilities (LKR-1.0).
Debt to Equity History and Analysis
Debt Level: MEL.N0000 has more cash than its total debt.
Reducing Debt: MEL.N0000's debt to equity ratio has reduced from 3.9% to 2.9% over the past 5 years.
Debt Coverage: MEL.N0000's debt is well covered by operating cash flow (29.6%).
Interest Coverage: MEL.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.