Cargills (Ceylon) Balance Sheet Health
Financial Health criteria checks 4/6
Cargills (Ceylon) has a total shareholder equity of LKR37.2B and total debt of LKR31.1B, which brings its debt-to-equity ratio to 83.6%. Its total assets and total liabilities are LKR136.4B and LKR99.2B respectively. Cargills (Ceylon)'s EBIT is LKR13.8B making its interest coverage ratio 3. It has cash and short-term investments of LKR9.9B.
Key information
83.6%
Debt to equity ratio
LK₨31.06b
Debt
| Interest coverage ratio | 3x |
| Cash | LK₨9.90b |
| Equity | LK₨37.15b |
| Total liabilities | LK₨99.24b |
| Total assets | LK₨136.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CARG.N0000's short term assets (LKR48.3B) do not cover its short term liabilities (LKR71.7B).
Long Term Liabilities: CARG.N0000's short term assets (LKR48.3B) exceed its long term liabilities (LKR27.6B).
Debt to Equity History and Analysis
Debt Level: CARG.N0000's net debt to equity ratio (56.9%) is considered high.
Reducing Debt: CARG.N0000's debt to equity ratio has reduced from 99.1% to 83.6% over the past 5 years.
Debt Coverage: CARG.N0000's debt is well covered by operating cash flow (54.3%).
Interest Coverage: CARG.N0000's interest payments on its debt are well covered by EBIT (3x coverage).