Tess Agro Balance Sheet Health
Financial Health criteria checks 2/6
Tess Agro has a total shareholder equity of LKR310.7M and total debt of LKR321.1M, which brings its debt-to-equity ratio to 103.4%. Its total assets and total liabilities are LKR681.4M and LKR370.7M respectively.
Key information
103.4%
Debt to equity ratio
LK₨321.11m
Debt
Interest coverage ratio | n/a |
Cash | LK₨29.54m |
Equity | LK₨310.67m |
Total liabilities | LK₨370.70m |
Total assets | LK₨681.36m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TESS.X0000's short term assets (LKR116.7M) exceed its short term liabilities (LKR109.2M).
Long Term Liabilities: TESS.X0000's short term assets (LKR116.7M) do not cover its long term liabilities (LKR261.5M).
Debt to Equity History and Analysis
Debt Level: TESS.X0000's net debt to equity ratio (93.9%) is considered high.
Reducing Debt: TESS.X0000's debt to equity ratio has reduced from 226.9% to 103.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: TESS.X0000 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: TESS.X0000 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 8.5% each year