Talawakelle Tea Estates Balance Sheet Health
Financial Health criteria checks 6/6
Talawakelle Tea Estates has a total shareholder equity of LKR5.7B and total debt of LKR21.2M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are LKR9.0B and LKR3.3B respectively. Talawakelle Tea Estates's EBIT is LKR1.5B making its interest coverage ratio -2.2. It has cash and short-term investments of LKR3.3B.
Key information
0.4%
Debt to equity ratio
LK₨21.20m
Debt
Interest coverage ratio | -2.2x |
Cash | LK₨3.33b |
Equity | LK₨5.72b |
Total liabilities | LK₨3.26b |
Total assets | LK₨8.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TPL.N0000's short term assets (LKR4.7B) exceed its short term liabilities (LKR1.4B).
Long Term Liabilities: TPL.N0000's short term assets (LKR4.7B) exceed its long term liabilities (LKR1.8B).
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 3.9% to 0.4% over the past 5 years.
Debt Coverage: TPL.N0000's debt is well covered by operating cash flow (10300.9%).
Interest Coverage: TPL.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.