Haycarb Balance Sheet Health
Financial Health criteria checks 6/6
Haycarb has a total shareholder equity of LKR27.9B and total debt of LKR4.8B, which brings its debt-to-equity ratio to 17.3%. Its total assets and total liabilities are LKR42.7B and LKR14.8B respectively. Haycarb's EBIT is LKR6.2B making its interest coverage ratio 96.3. It has cash and short-term investments of LKR4.6B.
Key information
17.3%
Debt to equity ratio
LK₨4.82b
Debt
| Interest coverage ratio | 96.3x |
| Cash | LK₨4.55b |
| Equity | LK₨27.88b |
| Total liabilities | LK₨14.79b |
| Total assets | LK₨42.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HAYC.N0000's short term assets (LKR27.6B) exceed its short term liabilities (LKR11.9B).
Long Term Liabilities: HAYC.N0000's short term assets (LKR27.6B) exceed its long term liabilities (LKR2.9B).
Debt to Equity History and Analysis
Debt Level: HAYC.N0000's net debt to equity ratio (0.9%) is considered satisfactory.
Reducing Debt: HAYC.N0000's debt to equity ratio has reduced from 43.3% to 17.3% over the past 5 years.
Debt Coverage: HAYC.N0000's debt is well covered by operating cash flow (57.5%).
Interest Coverage: HAYC.N0000's interest payments on its debt are well covered by EBIT (96.3x coverage).