Lanka Ventures Balance Sheet Health
Financial Health criteria checks 1/6
Lanka Ventures has a total shareholder equity of LKR6.0B and total debt of LKR3.6B, which brings its debt-to-equity ratio to 61%. Its total assets and total liabilities are LKR9.7B and LKR3.8B respectively. Lanka Ventures's EBIT is LKR145.0M making its interest coverage ratio 0.2. It has cash and short-term investments of LKR229.9M.
Key information
61.0%
Debt to equity ratio
LK₨3.64b
Debt
| Interest coverage ratio | 0.2x |
| Cash | LK₨229.87m |
| Equity | LK₨5.96b |
| Total liabilities | LK₨3.78b |
| Total assets | LK₨9.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LVEN.N0000's short term assets (LKR1.1B) exceed its short term liabilities (LKR644.7M).
Long Term Liabilities: LVEN.N0000's short term assets (LKR1.1B) do not cover its long term liabilities (LKR3.1B).
Debt to Equity History and Analysis
Debt Level: LVEN.N0000's net debt to equity ratio (57.2%) is considered high.
Reducing Debt: LVEN.N0000's debt to equity ratio has increased from 24.2% to 61% over the past 5 years.
Debt Coverage: LVEN.N0000's debt is not well covered by operating cash flow (3.8%).
Interest Coverage: LVEN.N0000's interest payments on its debt are not well covered by EBIT (0.2x coverage).