Abans Finance Balance Sheet Health
Financial Health criteria checks 5/6
Abans Finance has a total shareholder equity of LKR3.0B and total debt of LKR976.7M, which brings its debt-to-equity ratio to 32.2%. Its total assets and total liabilities are LKR11.0B and LKR8.0B respectively.
Key information
32.2%
Debt to equity ratio
LK₨976.73m
Debt
Interest coverage ratio | n/a |
Cash | LK₨1.05b |
Equity | LK₨3.03b |
Total liabilities | LK₨7.99b |
Total assets | LK₨11.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AFSL.N0000's short term assets (LKR10.0B) exceed its short term liabilities (LKR6.4B).
Long Term Liabilities: AFSL.N0000's short term assets (LKR10.0B) exceed its long term liabilities (LKR1.6B).
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 54.8% to 32.2% over the past 5 years.
Debt Coverage: AFSL.N0000's debt is well covered by operating cash flow (300.6%).
Interest Coverage: Insufficient data to determine if AFSL.N0000's interest payments on its debt are well covered by EBIT.