Office Equipment Balance Sheet Health
Financial Health criteria checks 4/6
Office Equipment has a total shareholder equity of LKR43.1M and total debt of LKR5.3M, which brings its debt-to-equity ratio to 12.4%. Its total assets and total liabilities are LKR79.7M and LKR36.7M respectively.
Key information
12.4%
Debt to equity ratio
LK₨5.32m
Debt
| Interest coverage ratio | n/a |
| Cash | LK₨338.64k |
| Equity | LK₨43.08m |
| Total liabilities | LK₨36.66m |
| Total assets | LK₨79.74m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OFEQ.N0000's short term assets (LKR63.2M) exceed its short term liabilities (LKR33.3M).
Long Term Liabilities: OFEQ.N0000's short term assets (LKR63.2M) exceed its long term liabilities (LKR3.3M).
Debt to Equity History and Analysis
Debt Level: OFEQ.N0000's net debt to equity ratio (11.6%) is considered satisfactory.
Reducing Debt: OFEQ.N0000's debt to equity ratio has reduced from 19.6% to 12.4% 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.