PGP Glass Ceylon Balance Sheet Health
Financial Health criteria checks 6/6
PGP Glass Ceylon has a total shareholder equity of LKR11.8B and total debt of LKR17.6M, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are LKR14.5B and LKR2.7B respectively. PGP Glass Ceylon's EBIT is LKR4.2B making its interest coverage ratio 66.8. It has cash and short-term investments of LKR1.4B.
Key information
0.1%
Debt to equity ratio
LK₨17.61m
Debt
| Interest coverage ratio | 66.8x |
| Cash | LK₨1.43b |
| Equity | LK₨11.76b |
| Total liabilities | LK₨2.71b |
| Total assets | LK₨14.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLAS.N0000's short term assets (LKR9.4B) exceed its short term liabilities (LKR1.9B).
Long Term Liabilities: GLAS.N0000's short term assets (LKR9.4B) exceed its long term liabilities (LKR843.2M).
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 83.4% to 0.1% over the past 5 years.
Debt Coverage: GLAS.N0000's debt is well covered by operating cash flow (22415.2%).
Interest Coverage: GLAS.N0000's interest payments on its debt are well covered by EBIT (66.8x coverage).