Lanka Credit and Business Finance Balance Sheet Health
Financial Health criteria checks 5/6
Lanka Credit and Business Finance has a total shareholder equity of LKR2.9B and total debt of LKR566.2M, which brings its debt-to-equity ratio to 19.6%. Its total assets and total liabilities are LKR6.7B and LKR3.8B respectively.
Key information
19.6%
Debt to equity ratio
LK₨566.22m
Debt
Interest coverage ratio | n/a |
Cash | LK₨812.13m |
Equity | LK₨2.89b |
Total liabilities | LK₨3.79b |
Total assets | LK₨6.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LCBF.N0000's short term assets (LKR6.2B) exceed its short term liabilities (LKR3.1B).
Long Term Liabilities: LCBF.N0000's short term assets (LKR6.2B) exceed its long term liabilities (LKR736.6M).
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 40.5% to 19.6% over the past 5 years.
Debt Coverage: LCBF.N0000's debt is well covered by operating cash flow (177.9%).
Interest Coverage: Insufficient data to determine if LCBF.N0000's interest payments on its debt are well covered by EBIT.