Lanka Walltiles Balance Sheet Health
Financial Health criteria checks 6/6
Lanka Walltiles has a total shareholder equity of LKR26.2B and total debt of LKR12.8B, which brings its debt-to-equity ratio to 48.7%. Its total assets and total liabilities are LKR49.4B and LKR23.3B respectively. Lanka Walltiles's EBIT is LKR7.5B making its interest coverage ratio 4.2. It has cash and short-term investments of LKR2.7B.
Key information
48.7%
Debt to equity ratio
LK₨12.76b
Debt
Interest coverage ratio | 4.2x |
Cash | LK₨2.70b |
Equity | LK₨26.17b |
Total liabilities | LK₨23.27b |
Total assets | LK₨49.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LWL.N0000's short term assets (LKR25.8B) exceed its short term liabilities (LKR13.3B).
Long Term Liabilities: LWL.N0000's short term assets (LKR25.8B) exceed its long term liabilities (LKR9.9B).
Debt to Equity History and Analysis
Debt Level: LWL.N0000's net debt to equity ratio (38.4%) is considered satisfactory.
Reducing Debt: LWL.N0000's debt to equity ratio has reduced from 53.7% to 48.7% over the past 5 years.
Debt Coverage: LWL.N0000's debt is well covered by operating cash flow (62.2%).
Interest Coverage: LWL.N0000's interest payments on its debt are well covered by EBIT (4.2x coverage).