Radiant Gems International Balance Sheet Health
Financial Health criteria checks 5/6
Radiant Gems International has a total shareholder equity of LKR90.5M and total debt of LKR63.7M, which brings its debt-to-equity ratio to 70.3%. Its total assets and total liabilities are LKR210.5M and LKR120.0M respectively. Radiant Gems International's EBIT is LKR49.9M making its interest coverage ratio 6.6. It has cash and short-term investments of LKR40.0M.
Key information
70.3%
Debt to equity ratio
LK₨63.66m
Debt
Interest coverage ratio | 6.6x |
Cash | LK₨39.95m |
Equity | LK₨90.53m |
Total liabilities | LK₨120.01m |
Total assets | LK₨210.54m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RGEM.N0000's short term assets (LKR57.2M) exceed its short term liabilities (LKR34.3M).
Long Term Liabilities: RGEM.N0000's short term assets (LKR57.2M) do not cover its long term liabilities (LKR85.7M).
Debt to Equity History and Analysis
Debt Level: RGEM.N0000's net debt to equity ratio (26.2%) is considered satisfactory.
Reducing Debt: RGEM.N0000's debt to equity ratio has reduced from 323.6% to 70.3% over the past 5 years.
Debt Coverage: RGEM.N0000's debt is well covered by operating cash flow (32.1%).
Interest Coverage: RGEM.N0000's interest payments on its debt are well covered by EBIT (6.6x coverage).