Sierra Cables Balance Sheet Health
Financial Health criteria checks 3/6
Sierra Cables has a total shareholder equity of LKR5.2B and total debt of LKR3.7B, which brings its debt-to-equity ratio to 71%. Its total assets and total liabilities are LKR10.3B and LKR5.1B respectively. Sierra Cables's EBIT is LKR1.1B making its interest coverage ratio 3.5. It has cash and short-term investments of LKR421.9M.
Key information
71.0%
Debt to equity ratio
LK₨3.71b
Debt
| Interest coverage ratio | 3.5x |
| Cash | LK₨421.86m |
| Equity | LK₨5.22b |
| Total liabilities | LK₨5.10b |
| Total assets | LK₨10.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SIRA.N0000's short term assets (LKR7.5B) exceed its short term liabilities (LKR2.8B).
Long Term Liabilities: SIRA.N0000's short term assets (LKR7.5B) exceed its long term liabilities (LKR2.3B).
Debt to Equity History and Analysis
Debt Level: SIRA.N0000's net debt to equity ratio (62.9%) is considered high.
Reducing Debt: SIRA.N0000's debt to equity ratio has increased from 70.6% to 71% 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 (3.5x coverage).