Alumex Balance Sheet Health
Financial Health criteria checks 3/6
Alumex has a total shareholder equity of LKR3.5B and total debt of LKR5.0B, which brings its debt-to-equity ratio to 143.3%. Its total assets and total liabilities are LKR11.7B and LKR8.3B respectively. Alumex's EBIT is LKR1.1B making its interest coverage ratio 0.9. It has cash and short-term investments of LKR333.7M.
Key information
143.3%
Debt to equity ratio
LK₨4.98b
Debt
Interest coverage ratio | 0.9x |
Cash | LK₨333.67m |
Equity | LK₨3.47b |
Total liabilities | LK₨8.26b |
Total assets | LK₨11.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ALUM.N0000's short term assets (LKR6.8B) exceed its short term liabilities (LKR6.2B).
Long Term Liabilities: ALUM.N0000's short term assets (LKR6.8B) exceed its long term liabilities (LKR2.0B).
Debt to Equity History and Analysis
Debt Level: ALUM.N0000's net debt to equity ratio (133.6%) is considered high.
Reducing Debt: ALUM.N0000's debt to equity ratio has reduced from 148.3% to 143.3% over the past 5 years.
Debt Coverage: ALUM.N0000's debt is not well covered by operating cash flow (6.4%).
Interest Coverage: ALUM.N0000's interest payments on its debt are not well covered by EBIT (0.9x coverage).