Talawakelle Tea Estates Balance Sheet Health
Financial Health criteria checks 6/6
Talawakelle Tea Estates has a total shareholder equity of LKR6.6B and total debt of LKR32.9M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are LKR10.3B and LKR3.7B respectively. Talawakelle Tea Estates's EBIT is LKR1.7B making its interest coverage ratio -4.2. It has cash and short-term investments of LKR4.0B.
Key information
0.5%
Debt to equity ratio
LK₨32.90m
Debt
| Interest coverage ratio | -4.2x |
| Cash | LK₨3.99b |
| Equity | LK₨6.62b |
| Total liabilities | LK₨3.68b |
| Total assets | LK₨10.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TPL.N0000's short term assets (LKR5.2B) exceed its short term liabilities (LKR1.3B).
Long Term Liabilities: TPL.N0000's short term assets (LKR5.2B) exceed its long term liabilities (LKR2.4B).
Debt to Equity History and Analysis
Debt Level: TPL.N0000 has more cash than its total debt.
Reducing Debt: TPL.N0000's debt to equity ratio has reduced from 1.6% to 0.5% over the past 5 years.
Debt Coverage: TPL.N0000's debt is well covered by operating cash flow (5491%).
Interest Coverage: TPL.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.