Serendib Hotels Balance Sheet Health
Financial Health criteria checks 6/6
Serendib Hotels has a total shareholder equity of LKR6.0B and total debt of LKR226.4M, which brings its debt-to-equity ratio to 3.8%. Its total assets and total liabilities are LKR8.8B and LKR2.7B respectively. Serendib Hotels's EBIT is LKR750.4M making its interest coverage ratio 26. It has cash and short-term investments of LKR1.1B.
Key information
3.8%
Debt to equity ratio
LK₨226.43m
Debt
| Interest coverage ratio | 26x |
| Cash | LK₨1.13b |
| Equity | LK₨6.01b |
| Total liabilities | LK₨2.75b |
| Total assets | LK₨8.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SHOT.N0000's short term assets (LKR2.5B) exceed its short term liabilities (LKR1.5B).
Long Term Liabilities: SHOT.N0000's short term assets (LKR2.5B) exceed its long term liabilities (LKR1.2B).
Debt to Equity History and Analysis
Debt Level: SHOT.N0000 has more cash than its total debt.
Reducing Debt: SHOT.N0000's debt to equity ratio has reduced from 24.9% to 3.8% over the past 5 years.
Debt Coverage: SHOT.N0000's debt is well covered by operating cash flow (326.6%).
Interest Coverage: SHOT.N0000's interest payments on its debt are well covered by EBIT (26x coverage).