Lanka Credit and Business Finance Balance Sheet Health
Financial Health criteria checks 4/6
Lanka Credit and Business Finance has a total shareholder equity of LKR3.0B and total debt of LKR405.8M, which brings its debt-to-equity ratio to 13.6%. Its total assets and total liabilities are LKR7.5B and LKR4.5B respectively.
Key information
13.6%
Debt to equity ratio
LK₨405.83m
Debt
| Interest coverage ratio | n/a |
| Cash | LK₨598.73m |
| Equity | LK₨2.99b |
| Total liabilities | LK₨4.47b |
| Total assets | LK₨7.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LCBF.N0000's short term assets (LKR6.9B) exceed its short term liabilities (LKR3.8B).
Long Term Liabilities: LCBF.N0000's short term assets (LKR6.9B) exceed its long term liabilities (LKR630.9M).
Debt to Equity History and Analysis
Debt Level: LCBF.N0000 has more cash than its total debt.
Reducing Debt: LCBF.N0000's debt to equity ratio has reduced from 33.9% to 13.6% over the past 5 years.
Debt Coverage: LCBF.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if LCBF.N0000's interest payments on its debt are well covered by EBIT.