Abans Electricals Balance Sheet Health
Financial Health criteria checks 6/6
Abans Electricals has a total shareholder equity of LKR2.4B and total debt of LKR465.6M, which brings its debt-to-equity ratio to 19.6%. Its total assets and total liabilities are LKR4.8B and LKR2.5B respectively. Abans Electricals's EBIT is LKR730.4M making its interest coverage ratio 9. It has cash and short-term investments of LKR781.3M.
Key information
19.6%
Debt to equity ratio
LK₨465.65m
Debt
| Interest coverage ratio | 9x |
| Cash | LK₨781.31m |
| Equity | LK₨2.37b |
| Total liabilities | LK₨2.46b |
| Total assets | LK₨4.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ABAN.N0000's short term assets (LKR3.5B) exceed its short term liabilities (LKR2.1B).
Long Term Liabilities: ABAN.N0000's short term assets (LKR3.5B) exceed its long term liabilities (LKR313.3M).
Debt to Equity History and Analysis
Debt Level: ABAN.N0000 has more cash than its total debt.
Reducing Debt: ABAN.N0000's debt to equity ratio has reduced from 32.3% to 19.6% over the past 5 years.
Debt Coverage: ABAN.N0000's debt is well covered by operating cash flow (95.8%).
Interest Coverage: ABAN.N0000's interest payments on its debt are well covered by EBIT (9x coverage).