Tangerine Beach Hotels Balance Sheet Health
Financial Health criteria checks 2/6
Tangerine Beach Hotels has a total shareholder equity of LKR2.8B and total debt of LKR63.6M, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are LKR3.8B and LKR926.4M respectively.
Key information
2.2%
Debt to equity ratio
LK₨63.64m
Debt
| Interest coverage ratio | n/a |
| Cash | LK₨301.41m |
| Equity | LK₨2.84b |
| Total liabilities | LK₨926.42m |
| Total assets | LK₨3.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TANG.N0000's short term assets (LKR541.8M) exceed its short term liabilities (LKR203.4M).
Long Term Liabilities: TANG.N0000's short term assets (LKR541.8M) do not cover its long term liabilities (LKR723.0M).
Debt to Equity History and Analysis
Debt Level: TANG.N0000 has more cash than its total debt.
Reducing Debt: TANG.N0000's debt to equity ratio has increased from 0.6% to 2.2% over the past 5 years.
Debt Coverage: TANG.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if TANG.N0000's interest payments on its debt are well covered by EBIT.