Asia Asset Finance Balance Sheet Health
Financial Health criteria checks 5/6
Asia Asset Finance has a total shareholder equity of LKR3.5B and total debt of LKR8.2B, which brings its debt-to-equity ratio to 235.3%. Its total assets and total liabilities are LKR30.3B and LKR26.8B respectively.
Key information
235.3%
Debt to equity ratio
LK₨8.19b
Debt
| Interest coverage ratio | n/a |
| Cash | LK₨7.17b |
| Equity | LK₨3.48b |
| Total liabilities | LK₨26.79b |
| Total assets | LK₨30.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AAF.P0000's short term assets (LKR29.2B) exceed its short term liabilities (LKR18.4B).
Long Term Liabilities: AAF.P0000's short term assets (LKR29.2B) exceed its long term liabilities (LKR8.4B).
Debt to Equity History and Analysis
Debt Level: AAF.P0000's net debt to equity ratio (29.3%) is considered satisfactory.
Reducing Debt: AAF.P0000's debt to equity ratio has reduced from 276.9% to 235.3% over the past 5 years.
Debt Coverage: AAF.P0000's debt is well covered by operating cash flow (25.7%).
Interest Coverage: Insufficient data to determine if AAF.P0000's interest payments on its debt are well covered by EBIT.