Mackwoods Energy Balance Sheet Health
Financial Health criteria checks 4/6
Mackwoods Energy has a total shareholder equity of LKR287.2M and total debt of LKR8.5M, which brings its debt-to-equity ratio to 3%. Its total assets and total liabilities are LKR309.5M and LKR22.3M respectively. Mackwoods Energy's EBIT is LKR2.6M making its interest coverage ratio 300. It has cash and short-term investments of LKR39.9M.
Key information
3.0%
Debt to equity ratio
LK₨8.50m
Debt
Interest coverage ratio | 300x |
Cash | LK₨39.85m |
Equity | LK₨287.16m |
Total liabilities | LK₨22.34m |
Total assets | LK₨309.49m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MEL.N0000's short term assets (LKR268.6M) exceed its short term liabilities (LKR22.3M).
Long Term Liabilities: MEL.N0000 has no long term liabilities.
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 increased from 2.5% to 3% over the past 5 years.
Debt Coverage: MEL.N0000's debt is not well covered by operating cash flow (5.3%).
Interest Coverage: MEL.N0000's interest payments on its debt are well covered by EBIT (300x coverage).