Citizens Development Business Finance Balance Sheet Health
Financial Health criteria checks 4/6
Citizens Development Business Finance has a total shareholder equity of LKR19.3B and total debt of LKR35.8B, which brings its debt-to-equity ratio to 185%. Its total assets and total liabilities are LKR126.9B and LKR107.5B respectively.
Key information
185.0%
Debt to equity ratio
LK₨35.77b
Debt
Interest coverage ratio | n/a |
Cash | LK₨11.48b |
Equity | LK₨19.34b |
Total liabilities | LK₨107.52b |
Total assets | LK₨126.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CDB.N0000's short term assets (LKR109.9B) exceed its short term liabilities (LKR68.7B).
Long Term Liabilities: CDB.N0000's short term assets (LKR109.9B) exceed its long term liabilities (LKR38.8B).
Debt to Equity History and Analysis
Debt Level: CDB.N0000's net debt to equity ratio (125.6%) is considered high.
Reducing Debt: CDB.N0000's debt to equity ratio has reduced from 371.4% to 185% over the past 5 years.
Debt Coverage: CDB.N0000's debt is well covered by operating cash flow (26.8%).
Interest Coverage: Insufficient data to determine if CDB.N0000's interest payments on its debt are well covered by EBIT.