Richard Pieris Balance Sheet Health
Financial Health criteria checks 5/6
Richard Pieris has a total shareholder equity of LKR30.9B and total debt of LKR24.2B, which brings its debt-to-equity ratio to 78.2%. Its total assets and total liabilities are LKR91.3B and LKR60.4B respectively. Richard Pieris's EBIT is LKR4.3B making its interest coverage ratio 2.1. It has cash and short-term investments of LKR12.9B.
Key information
78.2%
Debt to equity ratio
LK₨24.16b
Debt
Interest coverage ratio | 2.1x |
Cash | LK₨12.87b |
Equity | LK₨30.91b |
Total liabilities | LK₨60.42b |
Total assets | LK₨91.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RICH.N0000's short term assets (LKR51.7B) exceed its short term liabilities (LKR48.4B).
Long Term Liabilities: RICH.N0000's short term assets (LKR51.7B) exceed its long term liabilities (LKR12.1B).
Debt to Equity History and Analysis
Debt Level: RICH.N0000's net debt to equity ratio (36.5%) is considered satisfactory.
Reducing Debt: RICH.N0000's debt to equity ratio has reduced from 155.6% to 78.2% over the past 5 years.
Debt Coverage: RICH.N0000's debt is well covered by operating cash flow (25.4%).
Interest Coverage: RICH.N0000's interest payments on its debt are not well covered by EBIT (2.1x coverage).