Harischandra Mills Balance Sheet Health
Financial Health criteria checks 5/6
Harischandra Mills has a total shareholder equity of LKR1.7B and total debt of LKR157.1M, which brings its debt-to-equity ratio to 9.4%. Its total assets and total liabilities are LKR2.6B and LKR893.3M respectively. Harischandra Mills's EBIT is LKR239.3M making its interest coverage ratio -5.1. It has cash and short-term investments of LKR509.7M.
Key information
9.4%
Debt to equity ratio
LK₨157.14m
Debt
| Interest coverage ratio | -5.1x |
| Cash | LK₨509.72m |
| Equity | LK₨1.68b |
| Total liabilities | LK₨893.30m |
| Total assets | LK₨2.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HARI.N0000's short term assets (LKR1.7B) exceed its short term liabilities (LKR681.4M).
Long Term Liabilities: HARI.N0000's short term assets (LKR1.7B) exceed its long term liabilities (LKR211.9M).
Debt to Equity History and Analysis
Debt Level: HARI.N0000 has more cash than its total debt.
Reducing Debt: HARI.N0000's debt to equity ratio has increased from 7.7% to 9.4% over the past 5 years.
Debt Coverage: HARI.N0000's debt is well covered by operating cash flow (193%).
Interest Coverage: HARI.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 11:41 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Harischandra Mills PLC is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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