Colombo Fort Land & Building Balance Sheet Health
Financial Health criteria checks 4/6
Colombo Fort Land & Building has a total shareholder equity of LKR12.0B and total debt of LKR30.6B, which brings its debt-to-equity ratio to 255.3%. Its total assets and total liabilities are LKR65.5B and LKR53.5B respectively. Colombo Fort Land & Building's EBIT is LKR5.8B making its interest coverage ratio 1.4. It has cash and short-term investments of LKR3.6B.
Key information
255.3%
Debt to equity ratio
LK₨30.58b
Debt
| Interest coverage ratio | 1.4x |
| Cash | LK₨3.58b |
| Equity | LK₨11.98b |
| Total liabilities | LK₨53.49b |
| Total assets | LK₨65.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CFLB.N0000's short term assets (LKR29.9B) do not cover its short term liabilities (LKR33.7B).
Long Term Liabilities: CFLB.N0000's short term assets (LKR29.9B) exceed its long term liabilities (LKR19.7B).
Debt to Equity History and Analysis
Debt Level: CFLB.N0000's net debt to equity ratio (225.4%) is considered high.
Reducing Debt: CFLB.N0000's debt to equity ratio has reduced from 378.7% to 255.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable CFLB.N0000 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CFLB.N0000 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 8.4% per year.