Asia Siyaka Commodities Balance Sheet Health
Financial Health criteria checks 4/6
Asia Siyaka Commodities has a total shareholder equity of LKR1.3B and total debt of LKR1.1B, which brings its debt-to-equity ratio to 80.4%. Its total assets and total liabilities are LKR4.0B and LKR2.6B respectively. Asia Siyaka Commodities's EBIT is LKR518.1M making its interest coverage ratio 2.3. It has cash and short-term investments of LKR159.2M.
Key information
80.4%
Debt to equity ratio
LK₨1.06b
Debt
Interest coverage ratio | 2.3x |
Cash | LK₨159.24m |
Equity | LK₨1.32b |
Total liabilities | LK₨2.65b |
Total assets | LK₨3.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ASIY.N0000's short term assets (LKR2.6B) exceed its short term liabilities (LKR2.2B).
Long Term Liabilities: ASIY.N0000's short term assets (LKR2.6B) exceed its long term liabilities (LKR412.6M).
Debt to Equity History and Analysis
Debt Level: ASIY.N0000's net debt to equity ratio (68.3%) is considered high.
Reducing Debt: ASIY.N0000's debt to equity ratio has reduced from 168.3% to 80.4% over the past 5 years.
Debt Coverage: ASIY.N0000's debt is well covered by operating cash flow (24.3%).
Interest Coverage: ASIY.N0000's interest payments on its debt are not well covered by EBIT (2.3x coverage).