Abans Finance Balance Sheet Health
Financial Health criteria checks 5/6
Abans Finance has a total shareholder equity of LKR3.2B and total debt of LKR287.8M, which brings its debt-to-equity ratio to 8.9%. Its total assets and total liabilities are LKR11.6B and LKR8.3B respectively.
Key information
8.9%
Debt to equity ratio
LK₨287.76m
Debt
| Interest coverage ratio | n/a |
| Cash | LK₨527.99m |
| Equity | LK₨3.23b |
| Total liabilities | LK₨8.34b |
| Total assets | LK₨11.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AFSL.N0000's short term assets (LKR9.7B) exceed its short term liabilities (LKR6.9B).
Long Term Liabilities: AFSL.N0000's short term assets (LKR9.7B) exceed its long term liabilities (LKR1.5B).
Debt to Equity History and Analysis
Debt Level: AFSL.N0000 has more cash than its total debt.
Reducing Debt: AFSL.N0000's debt to equity ratio has reduced from 72.6% to 8.9% over the past 5 years.
Debt Coverage: AFSL.N0000's debt is well covered by operating cash flow (401.6%).
Interest Coverage: Insufficient data to determine if AFSL.N0000's interest payments on its debt are well covered by EBIT.