Sierra Cables Balance Sheet Health
Financial Health criteria checks 3/6
Sierra Cables has a total shareholder equity of LKR5.6B and total debt of LKR4.6B, which brings its debt-to-equity ratio to 81.7%. Its total assets and total liabilities are LKR11.8B and LKR6.2B respectively. Sierra Cables's EBIT is LKR1.2B making its interest coverage ratio 4. It has cash and short-term investments of LKR246.1M.
Key information
81.7%
Debt to equity ratio
LK₨4.59b
Debt
| Interest coverage ratio | 4x |
| Cash | LK₨246.06m |
| Equity | LK₨5.62b |
| Total liabilities | LK₨6.15b |
| Total assets | LK₨11.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SIRA.N0000's short term assets (LKR8.9B) exceed its short term liabilities (LKR3.8B).
Long Term Liabilities: SIRA.N0000's short term assets (LKR8.9B) exceed its long term liabilities (LKR2.3B).
Debt to Equity History and Analysis
Debt Level: SIRA.N0000's net debt to equity ratio (77.3%) is considered high.
Reducing Debt: SIRA.N0000's debt to equity ratio has increased from 69.6% to 81.7% over the past 5 years.
Debt Coverage: SIRA.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SIRA.N0000's interest payments on its debt are well covered by EBIT (4x coverage).