Lanka Aluminium Industries Balance Sheet Health
Financial Health criteria checks 6/6
Lanka Aluminium Industries has a total shareholder equity of LKR2.5B and total debt of LKR21.3M, which brings its debt-to-equity ratio to 0.8%. Its total assets and total liabilities are LKR3.3B and LKR777.7M respectively. Lanka Aluminium Industries's EBIT is LKR333.7M making its interest coverage ratio 24.4. It has cash and short-term investments of LKR370.4M.
Key information
0.8%
Debt to equity ratio
LK₨21.31m
Debt
Interest coverage ratio | 24.4x |
Cash | LK₨370.42m |
Equity | LK₨2.55b |
Total liabilities | LK₨777.71m |
Total assets | LK₨3.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LALU.N0000's short term assets (LKR1.7B) exceed its short term liabilities (LKR355.4M).
Long Term Liabilities: LALU.N0000's short term assets (LKR1.7B) exceed its long term liabilities (LKR422.3M).
Debt to Equity History and Analysis
Debt Level: LALU.N0000 has more cash than its total debt.
Reducing Debt: LALU.N0000's debt to equity ratio has reduced from 77.1% to 0.8% over the past 5 years.
Debt Coverage: LALU.N0000's debt is well covered by operating cash flow (3663.9%).
Interest Coverage: LALU.N0000's interest payments on its debt are well covered by EBIT (24.4x coverage).