Dankotuwa Porcelain Balance Sheet Health
Financial Health criteria checks 2/6
Dankotuwa Porcelain has a total shareholder equity of LKR3.5B and total debt of LKR2.6B, which brings its debt-to-equity ratio to 75.4%. Its total assets and total liabilities are LKR7.8B and LKR4.4B respectively. Dankotuwa Porcelain's EBIT is LKR439.4M making its interest coverage ratio 2.1. It has cash and short-term investments of LKR511.4M.
Key information
75.4%
Debt to equity ratio
LK₨2.61b
Debt
| Interest coverage ratio | 2.1x |
| Cash | LK₨511.42m |
| Equity | LK₨3.46b |
| Total liabilities | LK₨4.38b |
| Total assets | LK₨7.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DPL.N0000's short term assets (LKR4.6B) exceed its short term liabilities (LKR3.3B).
Long Term Liabilities: DPL.N0000's short term assets (LKR4.6B) exceed its long term liabilities (LKR1.1B).
Debt to Equity History and Analysis
Debt Level: DPL.N0000's net debt to equity ratio (60.6%) is considered high.
Reducing Debt: DPL.N0000's debt to equity ratio has increased from 55.4% to 75.4% over the past 5 years.
Debt Coverage: DPL.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: DPL.N0000's interest payments on its debt are not well covered by EBIT (2.1x coverage).