Office Equipment Balance Sheet Health
Financial Health criteria checks 4/6
Office Equipment has a total shareholder equity of LKR47.8M and total debt of LKR1.6M, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are LKR68.7M and LKR20.9M respectively.
Key information
3.3%
Debt to equity ratio
LK₨1.58m
Debt
Interest coverage ratio | n/a |
Cash | LK₨840.39k |
Equity | LK₨47.78m |
Total liabilities | LK₨20.91m |
Total assets | LK₨68.69m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OFEQ.N0000's short term assets (LKR54.4M) exceed its short term liabilities (LKR17.9M).
Long Term Liabilities: OFEQ.N0000's short term assets (LKR54.4M) exceed its long term liabilities (LKR3.0M).
Debt to Equity History and Analysis
Debt Level: OFEQ.N0000's net debt to equity ratio (1.6%) is considered satisfactory.
Reducing Debt: OFEQ.N0000's debt to equity ratio has reduced from 99.8% to 3.3% over the past 5 years.
Debt Coverage: OFEQ.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if OFEQ.N0000's interest payments on its debt are well covered by EBIT.