Luminex Balance Sheet Health
Financial Health criteria checks 5/6
Luminex has a total shareholder equity of LKR2.0B and total debt of LKR1.0B, which brings its debt-to-equity ratio to 50.3%. Its total assets and total liabilities are LKR3.4B and LKR1.4B respectively. Luminex's EBIT is LKR34.2M making its interest coverage ratio -0.2. It has cash and short-term investments of LKR968.7M.
Key information
50.3%
Debt to equity ratio
LK₨1.02b
Debt
Interest coverage ratio | -0.2x |
Cash | LK₨968.68m |
Equity | LK₨2.03b |
Total liabilities | LK₨1.41b |
Total assets | LK₨3.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LUMX.N0000's short term assets (LKR2.5B) exceed its short term liabilities (LKR821.3M).
Long Term Liabilities: LUMX.N0000's short term assets (LKR2.5B) exceed its long term liabilities (LKR592.5M).
Debt to Equity History and Analysis
Debt Level: LUMX.N0000's net debt to equity ratio (2.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if LUMX.N0000's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: LUMX.N0000's debt is well covered by operating cash flow (61.1%).
Interest Coverage: LUMX.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.