Haycarb Balance Sheet Health
Financial Health criteria checks 6/6
Haycarb has a total shareholder equity of LKR26.7B and total debt of LKR4.0B, which brings its debt-to-equity ratio to 15%. Its total assets and total liabilities are LKR40.8B and LKR14.1B respectively. Haycarb's EBIT is LKR6.4B making its interest coverage ratio -32.5. It has cash and short-term investments of LKR5.7B.
Key information
15.0%
Debt to equity ratio
LK₨4.02b
Debt
| Interest coverage ratio | -32.5x |
| Cash | LK₨5.73b |
| Equity | LK₨26.74b |
| Total liabilities | LK₨14.06b |
| Total assets | LK₨40.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HAYC.N0000's short term assets (LKR26.3B) exceed its short term liabilities (LKR11.1B).
Long Term Liabilities: HAYC.N0000's short term assets (LKR26.3B) exceed its long term liabilities (LKR2.9B).
Debt to Equity History and Analysis
Debt Level: HAYC.N0000 has more cash than its total debt.
Reducing Debt: HAYC.N0000's debt to equity ratio has reduced from 48.1% to 15% over the past 5 years.
Debt Coverage: HAYC.N0000's debt is well covered by operating cash flow (144.8%).
Interest Coverage: HAYC.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.