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.