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 ratio | 0.1x |
| Cash | LK₨93.44m |
| Equity | LK₨5.24b |
| Total liabilities | LK₨5.16b |
| Total assets | LK₨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