Diesel & Motor Engineering Balance Sheet Health
Financial Health criteria checks 2/6
Diesel & Motor Engineering has a total shareholder equity of LKR15.6B and total debt of LKR25.6B, which brings its debt-to-equity ratio to 164.2%. Its total assets and total liabilities are LKR51.7B and LKR36.0B respectively. Diesel & Motor Engineering's EBIT is LKR3.4B making its interest coverage ratio 1.1. It has cash and short-term investments of LKR5.9B.
Key information
164.2%
Debt to equity ratio
LK₨25.65b
Debt
Interest coverage ratio | 1.1x |
Cash | LK₨5.86b |
Equity | LK₨15.62b |
Total liabilities | LK₨36.04b |
Total assets | LK₨51.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DIMO.N0000's short term assets (LKR33.3B) exceed its short term liabilities (LKR29.0B).
Long Term Liabilities: DIMO.N0000's short term assets (LKR33.3B) exceed its long term liabilities (LKR7.1B).
Debt to Equity History and Analysis
Debt Level: DIMO.N0000's net debt to equity ratio (126.7%) is considered high.
Reducing Debt: DIMO.N0000's debt to equity ratio has increased from 117.7% to 164.2% over the past 5 years.
Debt Coverage: DIMO.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: DIMO.N0000's interest payments on its debt are not well covered by EBIT (1.1x coverage).