Teejay Lanka Balance Sheet Health
Financial Health criteria checks 4/6
Teejay Lanka has a total shareholder equity of LKR32.2B and total debt of LKR10.2B, which brings its debt-to-equity ratio to 31.7%. Its total assets and total liabilities are LKR60.6B and LKR28.4B respectively. Teejay Lanka's EBIT is LKR2.3B making its interest coverage ratio 2.2. It has cash and short-term investments of LKR11.5B.
Key information
31.7%
Debt to equity ratio
LK₨10.19b
Debt
Interest coverage ratio | 2.2x |
Cash | LK₨11.53b |
Equity | LK₨32.18b |
Total liabilities | LK₨28.39b |
Total assets | LK₨60.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TJL.N0000's short term assets (LKR35.4B) exceed its short term liabilities (LKR17.8B).
Long Term Liabilities: TJL.N0000's short term assets (LKR35.4B) exceed its long term liabilities (LKR10.6B).
Debt to Equity History and Analysis
Debt Level: TJL.N0000 has more cash than its total debt.
Reducing Debt: TJL.N0000's debt to equity ratio has increased from 26.3% to 31.7% over the past 5 years.
Debt Coverage: TJL.N0000's debt is well covered by operating cash flow (72.8%).
Interest Coverage: TJL.N0000's interest payments on its debt are not well covered by EBIT (2.2x coverage).