Asia Asset Finance Balance Sheet Health
Financial Health criteria checks 3/6
Asia Asset Finance has a total shareholder equity of LKR3.7B and total debt of LKR9.3B, which brings its debt-to-equity ratio to 253.9%. Its total assets and total liabilities are LKR32.2B and LKR28.6B respectively.
Key information
253.9%
Debt to equity ratio
LK₨9.31b
Debt
| Interest coverage ratio | n/a |
| Cash | LK₨6.46b |
| Equity | LK₨3.67b |
| Total liabilities | LK₨28.57b |
| Total assets | LK₨32.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AAF.N0000's short term assets (LKR31.2B) exceed its short term liabilities (LKR19.1B).
Long Term Liabilities: AAF.N0000's short term assets (LKR31.2B) exceed its long term liabilities (LKR9.5B).
Debt to Equity History and Analysis
Debt Level: AAF.N0000's net debt to equity ratio (77.7%) is considered high.
Reducing Debt: AAF.N0000's debt to equity ratio has reduced from 322.2% to 253.9% over the past 5 years.
Debt Coverage: AAF.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if AAF.N0000's interest payments on its debt are well covered by EBIT.