John Keells Balance Sheet Health
Financial Health criteria checks 6/6
John Keells has a total shareholder equity of LKR4.2B and total debt of LKR101.4M, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are LKR5.0B and LKR799.0M respectively. John Keells's EBIT is LKR226.2M making its interest coverage ratio -4.5. It has cash and short-term investments of LKR348.2M.
Key information
2.4%
Debt to equity ratio
LK₨101.42m
Debt
| Interest coverage ratio | -4.5x |
| Cash | LK₨348.20m |
| Equity | LK₨4.24b |
| Total liabilities | LK₨799.03m |
| Total assets | LK₨5.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JKL.N0000's short term assets (LKR965.0M) exceed its short term liabilities (LKR509.7M).
Long Term Liabilities: JKL.N0000's short term assets (LKR965.0M) exceed its long term liabilities (LKR289.4M).
Debt to Equity History and Analysis
Debt Level: JKL.N0000 has more cash than its total debt.
Reducing Debt: JKL.N0000's debt to equity ratio has reduced from 33.2% to 2.4% over the past 5 years.
Debt Coverage: JKL.N0000's debt is well covered by operating cash flow (214.2%).
Interest Coverage: JKL.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.