Renuka City Hotels Balance Sheet Health
Financial Health criteria checks 6/6
Renuka City Hotels has a total shareholder equity of LKR10.0B and total debt of LKR1.7M, which brings its debt-to-equity ratio to 0.02%. Its total assets and total liabilities are LKR10.0B and LKR70.5M respectively. Renuka City Hotels's EBIT is LKR86.2M making its interest coverage ratio -0.1. It has cash and short-term investments of LKR8.2B.
Key information
0.02%
Debt to equity ratio
LK₨1.74m
Debt
| Interest coverage ratio | -0.07x |
| Cash | LK₨8.25b |
| Equity | LK₨9.97b |
| Total liabilities | LK₨70.54m |
| Total assets | LK₨10.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RENU.N0000's short term assets (LKR8.3B) exceed its short term liabilities (LKR29.1M).
Long Term Liabilities: RENU.N0000's short term assets (LKR8.3B) exceed its long term liabilities (LKR41.5M).
Debt to Equity History and Analysis
Debt Level: RENU.N0000 has more cash than its total debt.
Reducing Debt: RENU.N0000's debt to equity ratio has reduced from 0.3% to 0.02% over the past 5 years.
Debt Coverage: RENU.N0000's debt is well covered by operating cash flow (3885.9%).
Interest Coverage: RENU.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.