Watawala Plantations Balance Sheet Health
Financial Health criteria checks 6/6
Watawala Plantations has a total shareholder equity of LKR6.3B and total debt of LKR40.4M, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are LKR8.9B and LKR2.6B respectively. Watawala Plantations's EBIT is LKR2.7B making its interest coverage ratio -41.2. It has cash and short-term investments of LKR1.1B.
Key information
0.6%
Debt to equity ratio
LK₨40.43m
Debt
Interest coverage ratio | -41.2x |
Cash | LK₨1.09b |
Equity | LK₨6.27b |
Total liabilities | LK₨2.62b |
Total assets | LK₨8.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WATA.N0000's short term assets (LKR2.3B) exceed its short term liabilities (LKR983.3M).
Long Term Liabilities: WATA.N0000's short term assets (LKR2.3B) exceed its long term liabilities (LKR1.6B).
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 31.3% to 0.6% over the past 5 years.
Debt Coverage: WATA.N0000's debt is well covered by operating cash flow (8360.9%).
Interest Coverage: WATA.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.