Industrial Asphalts (Ceylon) Balance Sheet Health
Financial Health criteria checks 4/6
Industrial Asphalts (Ceylon) has a total shareholder equity of LKR1.4B and total debt of LKR68.2M, which brings its debt-to-equity ratio to 5%. Its total assets and total liabilities are LKR1.5B and LKR109.3M respectively. Industrial Asphalts (Ceylon)'s EBIT is LKR22.3M making its interest coverage ratio 4.1. It has cash and short-term investments of LKR209.9M.
Key information
5.0%
Debt to equity ratio
LK₨68.22m
Debt
Interest coverage ratio | 4.1x |
Cash | LK₨209.94m |
Equity | LK₨1.36b |
Total liabilities | LK₨109.26m |
Total assets | LK₨1.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ASPH.N0000's short term assets (LKR215.3M) exceed its short term liabilities (LKR109.3M).
Long Term Liabilities: ASPH.N0000's short term assets (LKR215.3M) do not cover its long term liabilities (LKR-68.0K).
Debt to Equity History and Analysis
Debt Level: ASPH.N0000 has more cash than its total debt.
Reducing Debt: ASPH.N0000's debt to equity ratio has reduced from 15.8% to 5% over the past 5 years.
Debt Coverage: ASPH.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ASPH.N0000's interest payments on its debt are well covered by EBIT (4.1x coverage).