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 LKR17.6M, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are LKR2.1B and LKR299.9M respectively. Fortress Resorts's EBIT is LKR186.6M making its interest coverage ratio -2.3. It has cash and short-term investments of LKR836.5M.
Key information
1.0%
Debt to equity ratio
LK₨17.61m
Debt
| Interest coverage ratio | -2.3x |
| Cash | LK₨836.48m |
| Equity | LK₨1.82b |
| Total liabilities | LK₨299.92m |
| Total assets | LK₨2.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RHTL.N0000's short term assets (LKR950.1M) exceed its short term liabilities (LKR161.5M).
Long Term Liabilities: RHTL.N0000's short term assets (LKR950.1M) exceed its long term liabilities (LKR138.4M).
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 0.8% to 1% over the past 5 years.
Debt Coverage: RHTL.N0000's debt is well covered by operating cash flow (1313.5%).
Interest Coverage: RHTL.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.