PGP Glass Ceylon Balance Sheet Health
Financial Health criteria checks 6/6
PGP Glass Ceylon has a total shareholder equity of LKR11.1B and total debt of LKR15.7M, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are LKR13.8B and LKR2.6B respectively. PGP Glass Ceylon's EBIT is LKR4.2B making its interest coverage ratio 84.9. It has cash and short-term investments of LKR323.4M.
Key information
0.1%
Debt to equity ratio
LK₨15.74m
Debt
| Interest coverage ratio | 84.9x |
| Cash | LK₨323.43m |
| Equity | LK₨11.13b |
| Total liabilities | LK₨2.65b |
| Total assets | LK₨13.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLAS.N0000's short term assets (LKR8.3B) exceed its short term liabilities (LKR1.8B).
Long Term Liabilities: GLAS.N0000's short term assets (LKR8.3B) exceed its long term liabilities (LKR822.8M).
Debt to Equity History and Analysis
Debt Level: GLAS.N0000 has more cash than its total debt.
Reducing Debt: GLAS.N0000's debt to equity ratio has reduced from 94.4% to 0.1% over the past 5 years.
Debt Coverage: GLAS.N0000's debt is well covered by operating cash flow (26117.9%).
Interest Coverage: GLAS.N0000's interest payments on its debt are well covered by EBIT (84.9x coverage).