Regnis (Lanka) Balance Sheet Health
Financial Health criteria checks 2/6
Regnis (Lanka) has a total shareholder equity of LKR1.7B and total debt of LKR1.3B, which brings its debt-to-equity ratio to 73.6%. Its total assets and total liabilities are LKR5.7B and LKR4.0B respectively. Regnis (Lanka)'s EBIT is LKR4.0M making its interest coverage ratio 0.1. It has cash and short-term investments of LKR6.9M.
Key information
73.6%
Debt to equity ratio
LK₨1.29b
Debt
| Interest coverage ratio | 0.09x |
| Cash | LK₨6.88m |
| Equity | LK₨1.75b |
| Total liabilities | LK₨3.99b |
| Total assets | LK₨5.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: REG.N0000's short term assets (LKR4.5B) exceed its short term liabilities (LKR3.6B).
Long Term Liabilities: REG.N0000's short term assets (LKR4.5B) exceed its long term liabilities (LKR393.1M).
Debt to Equity History and Analysis
Debt Level: REG.N0000's net debt to equity ratio (73.2%) is considered high.
Reducing Debt: REG.N0000's debt to equity ratio has increased from 48.6% to 73.6% over the past 5 years.
Debt Coverage: REG.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: REG.N0000's interest payments on its debt are not well covered by EBIT (0.1x coverage).