Lanka Tiles Balance Sheet Health
Financial Health criteria checks 6/6
Lanka Tiles has a total shareholder equity of LKR15.4B and total debt of LKR2.4B, which brings its debt-to-equity ratio to 15.9%. Its total assets and total liabilities are LKR21.9B and LKR6.5B respectively. Lanka Tiles's EBIT is LKR2.9B making its interest coverage ratio -168.9. It has cash and short-term investments of LKR815.7M.
Key information
15.9%
Debt to equity ratio
LK₨2.44b
Debt
| Interest coverage ratio | -168.9x |
| Cash | LK₨815.67m |
| Equity | LK₨15.39b |
| Total liabilities | LK₨6.48b |
| Total assets | LK₨21.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TILE.N0000's short term assets (LKR11.5B) exceed its short term liabilities (LKR4.6B).
Long Term Liabilities: TILE.N0000's short term assets (LKR11.5B) exceed its long term liabilities (LKR1.8B).
Debt to Equity History and Analysis
Debt Level: TILE.N0000's net debt to equity ratio (10.6%) is considered satisfactory.
Reducing Debt: TILE.N0000's debt to equity ratio has reduced from 46.3% to 15.9% over the past 5 years.
Debt Coverage: TILE.N0000's debt is well covered by operating cash flow (52.8%).
Interest Coverage: TILE.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.