Nuwara Eliya Hotels Balance Sheet Health
Financial Health criteria checks 6/6
Nuwara Eliya Hotels has a total shareholder equity of LKR5.5B and total debt of LKR27.4M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are LKR7.0B and LKR1.5B respectively. Nuwara Eliya Hotels's EBIT is LKR639.9M making its interest coverage ratio -2.1. It has cash and short-term investments of LKR2.5B.
Key information
0.5%
Debt to equity ratio
LK₨27.40m
Debt
| Interest coverage ratio | -2.1x |
| Cash | LK₨2.49b |
| Equity | LK₨5.51b |
| Total liabilities | LK₨1.48b |
| Total assets | LK₨6.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NEH.N0000's short term assets (LKR2.7B) exceed its short term liabilities (LKR454.8M).
Long Term Liabilities: NEH.N0000's short term assets (LKR2.7B) exceed its long term liabilities (LKR1.0B).
Debt to Equity History and Analysis
Debt Level: NEH.N0000 has more cash than its total debt.
Reducing Debt: NEH.N0000's debt to equity ratio has reduced from 0.6% to 0.5% over the past 5 years.
Debt Coverage: NEH.N0000's debt is well covered by operating cash flow (2664.5%).
Interest Coverage: NEH.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.