Serendib Hotels Balance Sheet Health
Financial Health criteria checks 6/6
Serendib Hotels has a total shareholder equity of LKR5.9B and total debt of LKR259.5M, which brings its debt-to-equity ratio to 4.4%. Its total assets and total liabilities are LKR8.7B and LKR2.8B respectively. Serendib Hotels's EBIT is LKR693.9M making its interest coverage ratio 164.7. It has cash and short-term investments of LKR1.2B.
Key information
4.4%
Debt to equity ratio
LK₨259.46m
Debt
| Interest coverage ratio | 164.7x |
| Cash | LK₨1.19b |
| Equity | LK₨5.89b |
| Total liabilities | LK₨2.83b |
| Total assets | LK₨8.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SHOT.N0000's short term assets (LKR2.4B) exceed its short term liabilities (LKR1.6B).
Long Term Liabilities: SHOT.N0000's short term assets (LKR2.4B) 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 24.7% to 4.4% over the past 5 years.
Debt Coverage: SHOT.N0000's debt is well covered by operating cash flow (245.8%).
Interest Coverage: SHOT.N0000's interest payments on its debt are well covered by EBIT (164.7x coverage).