Fortress Resorts Balance Sheet Health
Financial Health criteria checks 5/6
Fortress Resorts has a total shareholder equity of LKR1.8B and total debt of LKR75.0M, which brings its debt-to-equity ratio to 4.1%. Its total assets and total liabilities are LKR2.2B and LKR362.8M respectively. Fortress Resorts's EBIT is LKR176.8M making its interest coverage ratio 24.1. It has cash and short-term investments of LKR871.0M.
Key information
4.1%
Debt to equity ratio
LK₨75.04m
Debt
Interest coverage ratio | 24.1x |
Cash | LK₨871.04m |
Equity | LK₨1.82b |
Total liabilities | LK₨362.84m |
Total assets | LK₨2.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RHTL.N0000's short term assets (LKR1.0B) exceed its short term liabilities (LKR226.0M).
Long Term Liabilities: RHTL.N0000's short term assets (LKR1.0B) exceed its long term liabilities (LKR136.8M).
Debt to Equity History and Analysis
Debt Level: RHTL.N0000 has more cash than its total debt.
Reducing Debt: RHTL.N0000's debt to equity ratio has increased from 0.1% to 4.1% over the past 5 years.
Debt Coverage: RHTL.N0000's debt is well covered by operating cash flow (361.5%).
Interest Coverage: RHTL.N0000's interest payments on its debt are well covered by EBIT (24.1x coverage).