Hikkaduwa Beach Resort PLC

COSE:CITH.N0000 Stock Report

Market Cap: LK₨2.1b

Hikkaduwa Beach Resort Balance Sheet Health

Financial Health criteria checks 0/6

Hikkaduwa Beach Resort has a total shareholder equity of LKR5.2B and total debt of LKR3.8B, which brings its debt-to-equity ratio to 72.4%. Its total assets and total liabilities are LKR10.4B and LKR5.2B respectively. Hikkaduwa Beach Resort's EBIT is LKR73.3M making its interest coverage ratio 0.1. It has cash and short-term investments of LKR93.4M.

Key information

72.4%

Debt to equity ratio

LK₨3.79b

Debt

Interest coverage ratio0.1x
CashLK₨93.44m
EquityLK₨5.24b
Total liabilitiesLK₨5.16b
Total assetsLK₨10.40b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: CITH.N0000's short term assets (LKR255.1M) do not cover its short term liabilities (LKR981.5M).

Long Term Liabilities: CITH.N0000's short term assets (LKR255.1M) 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 (70.6%) is considered high.

Reducing Debt: CITH.N0000's debt to equity ratio has increased from 56.3% to 72.4% 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 less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: CITH.N0000 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 9.9% each year


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