Swadeshi Industrial Works Balance Sheet Health
Financial Health criteria checks 5/6
Swadeshi Industrial Works has a total shareholder equity of LKR1.9B and total debt of LKR279.0M, which brings its debt-to-equity ratio to 15.1%. Its total assets and total liabilities are LKR3.2B and LKR1.3B respectively. Swadeshi Industrial Works's EBIT is LKR209.2M making its interest coverage ratio 2.3. It has cash and short-term investments of LKR104.0M.
Key information
15.1%
Debt to equity ratio
LK₨278.96m
Debt
| Interest coverage ratio | 2.3x |
| Cash | LK₨104.04m |
| Equity | LK₨1.85b |
| Total liabilities | LK₨1.32b |
| Total assets | LK₨3.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SWAD.N0000's short term assets (LKR1.5B) exceed its short term liabilities (LKR795.2M).
Long Term Liabilities: SWAD.N0000's short term assets (LKR1.5B) exceed its long term liabilities (LKR525.3M).
Debt to Equity History and Analysis
Debt Level: SWAD.N0000's net debt to equity ratio (9.5%) is considered satisfactory.
Reducing Debt: SWAD.N0000's debt to equity ratio has reduced from 47.9% to 15.1% over the past 5 years.
Debt Coverage: SWAD.N0000's debt is well covered by operating cash flow (89.4%).
Interest Coverage: SWAD.N0000's interest payments on its debt are not well covered by EBIT (2.3x coverage).