Harischandra Mills Balance Sheet Health
Financial Health criteria checks 6/6
Harischandra Mills has a total shareholder equity of LKR1.7B and total debt of LKR13.2M, which brings its debt-to-equity ratio to 0.8%. Its total assets and total liabilities are LKR2.4B and LKR697.3M respectively. Harischandra Mills's EBIT is LKR355.9M making its interest coverage ratio -6.6. It has cash and short-term investments of LKR528.0M.
Key information
0.8%
Debt to equity ratio
LK₨13.17m
Debt
Interest coverage ratio | -6.6x |
Cash | LK₨528.05m |
Equity | LK₨1.74b |
Total liabilities | LK₨697.31m |
Total assets | LK₨2.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HARI.N0000's short term assets (LKR1.6B) exceed its short term liabilities (LKR490.1M).
Long Term Liabilities: HARI.N0000's short term assets (LKR1.6B) exceed its long term liabilities (LKR207.2M).
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 reduced from 5.5% to 0.8% over the past 5 years.
Debt Coverage: HARI.N0000's debt is well covered by operating cash flow (4449.5%).
Interest Coverage: HARI.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.