Watawala Plantations Balance Sheet Health
Financial Health criteria checks 6/6
Watawala Plantations has a total shareholder equity of LKR6.0B and total debt of LKR557.9M, which brings its debt-to-equity ratio to 9.4%. Its total assets and total liabilities are LKR9.7B and LKR3.7B respectively. Watawala Plantations's EBIT is LKR2.7B making its interest coverage ratio -26.1. It has cash and short-term investments of LKR2.2B.
Key information
9.4%
Debt to equity ratio
LK₨557.93m
Debt
| Interest coverage ratio | -26.1x |
| Cash | LK₨2.23b |
| Equity | LK₨5.96b |
| Total liabilities | LK₨3.75b |
| Total assets | LK₨9.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WATA.N0000's short term assets (LKR3.2B) exceed its short term liabilities (LKR1.3B).
Long Term Liabilities: WATA.N0000's short term assets (LKR3.2B) exceed its long term liabilities (LKR2.4B).
Debt to Equity History and Analysis
Debt Level: WATA.N0000 has more cash than its total debt.
Reducing Debt: WATA.N0000's debt to equity ratio has reduced from 24.8% to 9.4% over the past 5 years.
Debt Coverage: WATA.N0000's debt is well covered by operating cash flow (683.9%).
Interest Coverage: WATA.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.