Hayleys Fibre Balance Sheet Health
Financial Health criteria checks 2/6
Hayleys Fibre has a total shareholder equity of LKR1.7B and total debt of LKR1.4B, which brings its debt-to-equity ratio to 81.7%. Its total assets and total liabilities are LKR3.9B and LKR2.2B respectively. Hayleys Fibre's EBIT is LKR255.5M making its interest coverage ratio 2. It has cash and short-term investments of LKR89.0M.
Key information
81.7%
Debt to equity ratio
LK₨1.38b
Debt
| Interest coverage ratio | 2x |
| Cash | LK₨88.96m |
| Equity | LK₨1.69b |
| Total liabilities | LK₨2.21b |
| Total assets | LK₨3.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HEXP.N0000's short term assets (LKR2.8B) exceed its short term liabilities (LKR1.8B).
Long Term Liabilities: HEXP.N0000's short term assets (LKR2.8B) exceed its long term liabilities (LKR411.0M).
Debt to Equity History and Analysis
Debt Level: HEXP.N0000's net debt to equity ratio (76.4%) is considered high.
Reducing Debt: HEXP.N0000's debt to equity ratio has increased from 0.5% to 81.7% over the past 5 years.
Debt Coverage: HEXP.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: HEXP.N0000's interest payments on its debt are not well covered by EBIT (2x coverage).