Hikkaduwa Beach Resort Balance Sheet Health
Financial Health criteria checks 2/6
Hikkaduwa Beach Resort has a total shareholder equity of LKR4.3B and total debt of LKR4.4B, which brings its debt-to-equity ratio to 101.6%. Its total assets and total liabilities are LKR10.6B and LKR6.2B respectively.
Key information
101.6%
Debt to equity ratio
LK₨4.42b
Debt
Interest coverage ratio | n/a |
Cash | LK₨72.28m |
Equity | LK₨4.35b |
Total liabilities | LK₨6.23b |
Total assets | LK₨10.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CITH.N0000's short term assets (LKR376.7M) do not cover its short term liabilities (LKR2.1B).
Long Term Liabilities: CITH.N0000's short term assets (LKR376.7M) do not cover its long term liabilities (LKR4.2B).
Debt to Equity History and Analysis
Debt Level: CITH.N0000's net debt to equity ratio (100%) is considered high.
Reducing Debt: CITH.N0000's debt to equity ratio has increased from 57.9% to 101.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: CITH.N0000 has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: CITH.N0000 is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.