Aitken Spence Balance Sheet Health
Financial Health criteria checks 2/6
Aitken Spence has a total shareholder equity of LKR83.7B and total debt of LKR81.3B, which brings its debt-to-equity ratio to 97.1%. Its total assets and total liabilities are LKR214.9B and LKR131.2B respectively. Aitken Spence's EBIT is LKR14.6B making its interest coverage ratio 1.7. It has cash and short-term investments of LKR23.0B.
Key information
97.1%
Debt to equity ratio
LK₨81.26b
Debt
Interest coverage ratio | 1.7x |
Cash | LK₨23.00b |
Equity | LK₨83.71b |
Total liabilities | LK₨131.15b |
Total assets | LK₨214.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPEN.N0000's short term assets (LKR76.8B) exceed its short term liabilities (LKR67.8B).
Long Term Liabilities: SPEN.N0000's short term assets (LKR76.8B) exceed its long term liabilities (LKR63.4B).
Debt to Equity History and Analysis
Debt Level: SPEN.N0000's net debt to equity ratio (69.6%) is considered high.
Reducing Debt: SPEN.N0000's debt to equity ratio has increased from 66.4% to 97.1% over the past 5 years.
Debt Coverage: SPEN.N0000's debt is not well covered by operating cash flow (10%).
Interest Coverage: SPEN.N0000's interest payments on its debt are not well covered by EBIT (1.7x coverage).