Laxapana Balance Sheet Health
Financial Health criteria checks 3/6
Laxapana has a total shareholder equity of LKR1.1B and total debt of LKR592.9M, which brings its debt-to-equity ratio to 52.3%. Its total assets and total liabilities are LKR2.3B and LKR1.2B respectively. Laxapana's EBIT is LKR336.7M making its interest coverage ratio 6.4. It has cash and short-term investments of LKR64.9M.
Key information
52.3%
Debt to equity ratio
LK₨592.93m
Debt
| Interest coverage ratio | 6.4x |
| Cash | LK₨64.92m |
| Equity | LK₨1.13b |
| Total liabilities | LK₨1.20b |
| Total assets | LK₨2.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LITE.N0000's short term assets (LKR1.3B) exceed its short term liabilities (LKR811.3M).
Long Term Liabilities: LITE.N0000's short term assets (LKR1.3B) exceed its long term liabilities (LKR387.8M).
Debt to Equity History and Analysis
Debt Level: LITE.N0000's net debt to equity ratio (46.6%) is considered high.
Reducing Debt: LITE.N0000's debt to equity ratio has increased from 49.9% to 52.3% over the past 5 years.
Debt Coverage: LITE.N0000's debt is not well covered by operating cash flow (17.1%).
Interest Coverage: LITE.N0000's interest payments on its debt are well covered by EBIT (6.4x coverage).