Renuka Hotels Balance Sheet Health
Financial Health criteria checks 6/6
Renuka Hotels has a total shareholder equity of LKR15.4B and total debt of LKR7.2M, which brings its debt-to-equity ratio to 0.05%. Its total assets and total liabilities are LKR15.5B and LKR172.3M respectively. Renuka Hotels's EBIT is LKR65.8M making its interest coverage ratio -0. It has cash and short-term investments of LKR8.8B.
Key information
0.05%
Debt to equity ratio
LK₨7.20m
Debt
| Interest coverage ratio | -0.04x |
| Cash | LK₨8.80b |
| Equity | LK₨15.38b |
| Total liabilities | LK₨172.28m |
| Total assets | LK₨15.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RCH.N0000's short term assets (LKR8.8B) exceed its short term liabilities (LKR90.5M).
Long Term Liabilities: RCH.N0000's short term assets (LKR8.8B) exceed its long term liabilities (LKR81.8M).
Debt to Equity History and Analysis
Debt Level: RCH.N0000 has more cash than its total debt.
Reducing Debt: RCH.N0000's debt to equity ratio has reduced from 0.07% to 0.05% over the past 5 years.
Debt Coverage: RCH.N0000's debt is well covered by operating cash flow (9589.7%).
Interest Coverage: RCH.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.