Serendib Hotels Balance Sheet Health
Financial Health criteria checks 4/6
Serendib Hotels has a total shareholder equity of LKR5.5B and total debt of LKR1.4B, which brings its debt-to-equity ratio to 24.9%. Its total assets and total liabilities are LKR9.4B and LKR3.9B respectively. Serendib Hotels's EBIT is LKR279.1M making its interest coverage ratio -1.4. It has cash and short-term investments of LKR1.9B.
Key information
24.9%
Debt to equity ratio
LK₨1.38b
Debt
Interest coverage ratio | -1.4x |
Cash | LK₨1.88b |
Equity | LK₨5.54b |
Total liabilities | LK₨3.87b |
Total assets | LK₨9.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SHOT.N0000's short term assets (LKR3.1B) exceed its short term liabilities (LKR2.0B).
Long Term Liabilities: SHOT.N0000's short term assets (LKR3.1B) exceed its long term liabilities (LKR1.9B).
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 increased from 22% to 24.9% over the past 5 years.
Debt Coverage: SHOT.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SHOT.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.