WindForce Balance Sheet Health
Financial Health criteria checks 4/6
WindForce has a total shareholder equity of LKR27.6B and total debt of LKR10.9B, which brings its debt-to-equity ratio to 39.4%. Its total assets and total liabilities are LKR42.0B and LKR14.4B respectively. WindForce's EBIT is LKR4.0B making its interest coverage ratio 4.9. It has cash and short-term investments of LKR1.5B.
Key information
39.4%
Debt to equity ratio
LK₨10.90b
Debt
| Interest coverage ratio | 4.9x |
| Cash | LK₨1.53b |
| Equity | LK₨27.64b |
| Total liabilities | LK₨14.41b |
| Total assets | LK₨42.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WIND.N0000's short term assets (LKR10.3B) exceed its short term liabilities (LKR3.4B).
Long Term Liabilities: WIND.N0000's short term assets (LKR10.3B) do not cover its long term liabilities (LKR11.1B).
Debt to Equity History and Analysis
Debt Level: WIND.N0000's net debt to equity ratio (33.9%) is considered satisfactory.
Reducing Debt: WIND.N0000's debt to equity ratio has increased from 35% to 39.4% over the past 5 years.
Debt Coverage: WIND.N0000's debt is well covered by operating cash flow (62.6%).
Interest Coverage: WIND.N0000's interest payments on its debt are well covered by EBIT (4.9x coverage).