Asia Asset Finance Balance Sheet Health
Financial Health criteria checks 4/6
Asia Asset Finance has a total shareholder equity of LKR3.2B and total debt of LKR6.9B, which brings its debt-to-equity ratio to 213.5%. Its total assets and total liabilities are LKR22.8B and LKR19.6B respectively.
Key information
213.5%
Debt to equity ratio
LK₨6.90b
Debt
Interest coverage ratio | n/a |
Cash | LK₨4.79b |
Equity | LK₨3.23b |
Total liabilities | LK₨19.58b |
Total assets | LK₨22.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AAF.N0000's short term assets (LKR21.9B) exceed its short term liabilities (LKR12.6B).
Long Term Liabilities: AAF.N0000's short term assets (LKR21.9B) exceed its long term liabilities (LKR7.0B).
Debt to Equity History and Analysis
Debt Level: AAF.N0000's net debt to equity ratio (65.1%) is considered high.
Reducing Debt: AAF.N0000's debt to equity ratio has reduced from 271% to 213.5% over the past 5 years.
Debt Coverage: AAF.N0000's debt is well covered by operating cash flow (67.1%).
Interest Coverage: Insufficient data to determine if AAF.N0000's interest payments on its debt are well covered by EBIT.