WindForce Balance Sheet Health
Financial Health criteria checks 3/6
WindForce has a total shareholder equity of LKR25.9B and total debt of LKR9.6B, which brings its debt-to-equity ratio to 36.9%. Its total assets and total liabilities are LKR38.1B and LKR12.2B respectively. WindForce's EBIT is LKR2.3B making its interest coverage ratio 2.9. It has cash and short-term investments of LKR4.1B.
Key information
36.9%
Debt to equity ratio
LK₨9.57b
Debt
Interest coverage ratio | 2.9x |
Cash | LK₨4.09b |
Equity | LK₨25.93b |
Total liabilities | LK₨12.18b |
Total assets | LK₨38.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WIND.N0000's short term assets (LKR8.4B) exceed its short term liabilities (LKR2.7B).
Long Term Liabilities: WIND.N0000's short term assets (LKR8.4B) do not cover its long term liabilities (LKR9.4B).
Debt to Equity History and Analysis
Debt Level: WIND.N0000's net debt to equity ratio (21.1%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if WIND.N0000's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: WIND.N0000's debt is well covered by operating cash flow (44.3%).
Interest Coverage: WIND.N0000's interest payments on its debt are not well covered by EBIT (2.9x coverage).