Lanka Tiles Balance Sheet Health
Financial Health criteria checks 6/6
Lanka Tiles has a total shareholder equity of LKR15.0B and total debt of LKR529.9M, which brings its debt-to-equity ratio to 3.5%. Its total assets and total liabilities are LKR20.7B and LKR5.7B respectively. Lanka Tiles's EBIT is LKR4.8B making its interest coverage ratio 35. It has cash and short-term investments of LKR1.8B.
Key information
3.5%
Debt to equity ratio
LK₨529.94m
Debt
Interest coverage ratio | 35x |
Cash | LK₨1.80b |
Equity | LK₨14.98b |
Total liabilities | LK₨5.69b |
Total assets | LK₨20.67b |
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 (LKR3.8B).
Long Term Liabilities: TILE.N0000's short term assets (LKR11.5B) exceed its long term liabilities (LKR1.9B).
Debt to Equity History and Analysis
Debt Level: TILE.N0000 has more cash than its total debt.
Reducing Debt: TILE.N0000's debt to equity ratio has reduced from 17.2% to 3.5% over the past 5 years.
Debt Coverage: TILE.N0000's debt is well covered by operating cash flow (781.7%).
Interest Coverage: TILE.N0000's interest payments on its debt are well covered by EBIT (35x coverage).