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 LKR451.8M, which brings its debt-to-equity ratio to 23.2%. Its total assets and total liabilities are LKR3.4B and LKR1.5B respectively. Swadeshi Industrial Works's EBIT is LKR215.8M making its interest coverage ratio 6.1. It has cash and short-term investments of LKR96.6M.

Key information

23.2%

Debt to equity ratio

LK₨451.78m

Debt

Interest coverage ratio	6.1x
Cash	LK₨96.61m
Equity	LK₨1.94b
Total liabilities	LK₨1.50b
Total assets	LK₨3.45b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: SWAD.N0000's short term assets (LKR1.6B) exceed its short term liabilities (LKR914.3M).

Long Term Liabilities: SWAD.N0000's short term assets (LKR1.6B) exceed its long term liabilities (LKR589.0M).

Debt to Equity History and Analysis

Debt Level: SWAD.N0000's net debt to equity ratio (18.3%) is considered satisfactory.

Reducing Debt: SWAD.N0000's debt to equity ratio has reduced from 55% to 23.2% over the past 5 years.

Debt Coverage: SWAD.N0000's debt is not well covered by operating cash flow (15.6%).

Interest Coverage: SWAD.N0000's interest payments on its debt are well covered by EBIT (6.1x coverage).

Swadeshi Industrial Works Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

Recent updates

Less than half of directors are independent

Upcoming dividend of LK₨1.50 per share

First quarter 2025 earnings released: EPS: LK₨18.04 (vs LK₨190 in 1Q 2024)

Less than half of directors are independent

The Swadeshi Industrial Works PLC, Annual General Meeting, Sep 20, 2024

Full year 2024 earnings released: EPS: LK₨1,141 (vs LK₨1,336 in FY 2023)

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Second quarter 2024 earnings released: EPS: LK₨428 (vs LK₨1,044 in 2Q 2023)

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Upcoming dividend of LK₨1.50 per share

Less than half of directors are independent

Full year 2023 earnings released: EPS: LK₨1,336 (vs LK₨29.62 in FY 2022)

The Swadeshi Industrial Works PLC, Annual General Meeting, Sep 08, 2023

Investor sentiment improves as stock rises 20%

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Investor sentiment deteriorated over the past week

Less than half of directors are independent

Less than half of directors are independent

The Swadeshi Industrial Works PLC, Annual General Meeting, Sep 16, 2022

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Investor sentiment deteriorated over the past week

Less than half of directors are independent

Less than half of directors are independent

Inaugural dividend of LK₨1.00 per share

Less than half of directors are independent

Full year 2021 earnings released: EPS LK₨861 (vs LK₨81.03 in FY 2020)

Less than half of directors are independent

Chairperson recently bought LK₨12m worth of stock

Full year 2021 earnings released: EPS LK₨913 (vs LK₨81.03 in FY 2020)

Third quarter 2021 earnings released: EPS LK₨274 (vs LK₨75.37 in 3Q 2020)

Investor sentiment improved over the past week

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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