Lancer Container Lines Balance Sheet Health
Financial Health criteria checks 3/6
Lancer Container Lines has a total shareholder equity of ₹1.8B and total debt of ₹2.7B, which brings its debt-to-equity ratio to 146.5%. Its total assets and total liabilities are ₹5.3B and ₹3.4B respectively. Lancer Container Lines's EBIT is ₹728.8M making its interest coverage ratio 5.9. It has cash and short-term investments of ₹461.9M.
Key information
146.5%
Debt to equity ratio
₹2.68b
Debt
| Interest coverage ratio | 5.9x |
| Cash | ₹461.95m |
| Equity | ₹1.83b |
| Total liabilities | ₹3.43b |
| Total assets | ₹5.26b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: LANCER's short term assets (₹3.9B) exceed its short term liabilities (₹667.2M).
Long Term Liabilities: LANCER's short term assets (₹3.9B) exceed its long term liabilities (₹2.8B).
Debt to Equity History and Analysis
Debt Level: LANCER's net debt to equity ratio (121.3%) is considered high.
Reducing Debt: LANCER's debt to equity ratio has increased from 107.8% to 146.5% over the past 5 years.
Debt Coverage: LANCER's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: LANCER's interest payments on its debt are well covered by EBIT (5.9x coverage).