Balangoda Plantations Balance Sheet Health
Financial Health criteria checks 2/6
Balangoda Plantations has a total shareholder equity of LKR3.3B and total debt of LKR1.3B, which brings its debt-to-equity ratio to 41.3%. Its total assets and total liabilities are LKR7.6B and LKR4.3B respectively. Balangoda Plantations's EBIT is LKR606.4M making its interest coverage ratio 1.9. It has cash and short-term investments of LKR21.6M.
Key information
41.3%
Debt to equity ratio
LK₨1.34b
Debt
Interest coverage ratio | 1.9x |
Cash | LK₨21.57m |
Equity | LK₨3.25b |
Total liabilities | LK₨4.32b |
Total assets | LK₨7.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BALA.N0000's short term assets (LKR714.5M) do not cover its short term liabilities (LKR1.2B).
Long Term Liabilities: BALA.N0000's short term assets (LKR714.5M) do not cover its long term liabilities (LKR3.2B).
Debt to Equity History and Analysis
Debt Level: BALA.N0000's net debt to equity ratio (40.6%) is considered high.
Reducing Debt: BALA.N0000's debt to equity ratio has reduced from 295% to 41.3% over the past 5 years.
Debt Coverage: BALA.N0000's debt is well covered by operating cash flow (42%).
Interest Coverage: BALA.N0000's interest payments on its debt are not well covered by EBIT (1.9x coverage).