Lankem Ceylon Balance Sheet Health
Financial Health criteria checks 2/6
Lankem Ceylon has a total shareholder equity of LKR8.2B and total debt of LKR13.7B, which brings its debt-to-equity ratio to 167.2%. Its total assets and total liabilities are LKR29.9B and LKR21.7B respectively. Lankem Ceylon's EBIT is LKR2.4B making its interest coverage ratio 1.3. It has cash and short-term investments of LKR495.6M.
Key information
192.0%
Debt to equity ratio
LK₨12.77b
Debt
Interest coverage ratio | 1.2x |
Cash | LK₨521.57m |
Equity | LK₨6.65b |
Total liabilities | LK₨20.18b |
Total assets | LK₨26.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LCEY.N0000's short term assets (LKR15.1B) do not cover its short term liabilities (LKR15.3B).
Long Term Liabilities: LCEY.N0000's short term assets (LKR15.1B) exceed its long term liabilities (LKR6.4B).
Debt to Equity History and Analysis
Debt Level: LCEY.N0000's net debt to equity ratio (161.1%) is considered high.
Reducing Debt: LCEY.N0000's debt to equity ratio has reduced from 177.4% to 167.2% over the past 5 years.
Debt Coverage: LCEY.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: LCEY.N0000's interest payments on its debt are not well covered by EBIT (1.3x coverage).