Chemanex Balance Sheet Health
Financial Health criteria checks 4/6
Chemanex has a total shareholder equity of LKR3.5B and total debt of LKR312.4M, which brings its debt-to-equity ratio to 9%. Its total assets and total liabilities are LKR3.8B and LKR365.9M respectively. Chemanex's EBIT is LKR177.8M making its interest coverage ratio -12.1. It has cash and short-term investments of LKR3.0B.
Key information
9.0%
Debt to equity ratio
LK₨312.41m
Debt
| Interest coverage ratio | -12.1x |
| Cash | LK₨3.05b |
| Equity | LK₨3.47b |
| Total liabilities | LK₨365.86m |
| Total assets | LK₨3.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CHMX.N0000's short term assets (LKR3.5B) exceed its short term liabilities (LKR351.4M).
Long Term Liabilities: CHMX.N0000's short term assets (LKR3.5B) exceed its long term liabilities (LKR14.4M).
Debt to Equity History and Analysis
Debt Level: CHMX.N0000 has more cash than its total debt.
Reducing Debt: CHMX.N0000's debt to equity ratio has increased from 0.05% to 9% over the past 5 years.
Debt Coverage: CHMX.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CHMX.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.