Hayleys Fibre Balance Sheet Health
Financial Health criteria checks 3/6
Hayleys Fibre has a total shareholder equity of LKR1.6B and total debt of LKR941.5M, which brings its debt-to-equity ratio to 57.1%. Its total assets and total liabilities are LKR3.4B and LKR1.8B respectively. Hayleys Fibre's EBIT is LKR252.0M making its interest coverage ratio 1.8. It has cash and short-term investments of LKR292.2M.
Key information
57.1%
Debt to equity ratio
LK₨941.50m
Debt
Interest coverage ratio | 1.8x |
Cash | LK₨292.17m |
Equity | LK₨1.65b |
Total liabilities | LK₨1.77b |
Total assets | LK₨3.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HEXP.N0000's short term assets (LKR2.4B) exceed its short term liabilities (LKR1.7B).
Long Term Liabilities: HEXP.N0000's short term assets (LKR2.4B) exceed its long term liabilities (LKR103.2M).
Debt to Equity History and Analysis
Debt Level: HEXP.N0000's net debt to equity ratio (39.4%) is considered satisfactory.
Reducing Debt: HEXP.N0000's debt to equity ratio has increased from 2.4% to 57.1% 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 (1.8x coverage).