Kelsey Developments Balance Sheet Health
Financial Health criteria checks 3/6
Kelsey Developments has a total shareholder equity of LKR137.0M and total debt of LKR1.6B, which brings its debt-to-equity ratio to 1149.9%. Its total assets and total liabilities are LKR4.5B and LKR4.3B respectively. Kelsey Developments's EBIT is LKR300.3M making its interest coverage ratio 1.2. It has cash and short-term investments of LKR12.1M.
Key information
1,149.9%
Debt to equity ratio
LK₨1.58b
Debt
| Interest coverage ratio | 1.2x |
| Cash | LK₨12.12m |
| Equity | LK₨136.96m |
| Total liabilities | LK₨4.35b |
| Total assets | LK₨4.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KDL.N0000's short term assets (LKR4.1B) exceed its short term liabilities (LKR944.4M).
Long Term Liabilities: KDL.N0000's short term assets (LKR4.1B) exceed its long term liabilities (LKR3.4B).
Debt to Equity History and Analysis
Debt Level: KDL.N0000's net debt to equity ratio (1141.1%) is considered high.
Reducing Debt: KDL.N0000 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: KDL.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: KDL.N0000's interest payments on its debt are not well covered by EBIT (1.2x coverage).