Kegalle Plantations Balance Sheet Health
Financial Health criteria checks 4/6
Kegalle Plantations has a total shareholder equity of LKR5.4B and total debt of LKR1.2B, which brings its debt-to-equity ratio to 22.3%. Its total assets and total liabilities are LKR8.9B and LKR3.5B respectively. Kegalle Plantations's EBIT is LKR313.8M making its interest coverage ratio 1.1. It has cash and short-term investments of LKR259.8M.
Key information
22.3%
Debt to equity ratio
LK₨1.20b
Debt
Interest coverage ratio | 1.1x |
Cash | LK₨259.80m |
Equity | LK₨5.39b |
Total liabilities | LK₨3.53b |
Total assets | LK₨8.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KGAL.N0000's short term assets (LKR1.5B) exceed its short term liabilities (LKR1.5B).
Long Term Liabilities: KGAL.N0000's short term assets (LKR1.5B) do not cover its long term liabilities (LKR2.0B).
Debt to Equity History and Analysis
Debt Level: KGAL.N0000's net debt to equity ratio (17.5%) is considered satisfactory.
Reducing Debt: KGAL.N0000's debt to equity ratio has reduced from 87.9% to 22.3% over the past 5 years.
Debt Coverage: KGAL.N0000's debt is well covered by operating cash flow (42.8%).
Interest Coverage: KGAL.N0000's interest payments on its debt are not well covered by EBIT (1.1x coverage).