Royal Palms Beach Hotels Balance Sheet Health
Financial Health criteria checks 4/6
Royal Palms Beach Hotels has a total shareholder equity of LKR2.4B and total debt of LKR54.4M, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are LKR3.3B and LKR916.9M respectively. Royal Palms Beach Hotels's EBIT is LKR50.3M making its interest coverage ratio -1. It has cash and short-term investments of LKR464.6M.
Key information
2.3%
Debt to equity ratio
LK₨54.42m
Debt
Interest coverage ratio | -1x |
Cash | LK₨464.62m |
Equity | LK₨2.39b |
Total liabilities | LK₨916.88m |
Total assets | LK₨3.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RPBH.N0000's short term assets (LKR844.3M) exceed its short term liabilities (LKR189.7M).
Long Term Liabilities: RPBH.N0000's short term assets (LKR844.3M) exceed its long term liabilities (LKR727.1M).
Debt to Equity History and Analysis
Debt Level: RPBH.N0000 has more cash than its total debt.
Reducing Debt: RPBH.N0000's debt to equity ratio has increased from 0.6% to 2.3% over the past 5 years.
Debt Coverage: RPBH.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: RPBH.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.