Panasian Power Balance Sheet Health
Financial Health criteria checks 1/6
Panasian Power has a total shareholder equity of LKR2.2B and total debt of LKR2.0B, which brings its debt-to-equity ratio to 94%. Its total assets and total liabilities are LKR5.0B and LKR2.8B respectively. Panasian Power's EBIT is LKR499.5M making its interest coverage ratio 1.3. It has cash and short-term investments of LKR489.9M.
Key information
94.0%
Debt to equity ratio
LK₨2.03b
Debt
Interest coverage ratio | 1.3x |
Cash | LK₨489.85m |
Equity | LK₨2.16b |
Total liabilities | LK₨2.84b |
Total assets | LK₨5.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PAP.N0000's short term assets (LKR1.1B) exceed its short term liabilities (LKR850.1M).
Long Term Liabilities: PAP.N0000's short term assets (LKR1.1B) do not cover its long term liabilities (LKR2.0B).
Debt to Equity History and Analysis
Debt Level: PAP.N0000's net debt to equity ratio (71.3%) is considered high.
Reducing Debt: PAP.N0000's debt to equity ratio has increased from 61.7% to 94% over the past 5 years.
Debt Coverage: PAP.N0000's debt is not well covered by operating cash flow (18.3%).
Interest Coverage: PAP.N0000's interest payments on its debt are not well covered by EBIT (1.3x coverage).