Lanka Ventures Balance Sheet Health
Financial Health criteria checks 2/6
Lanka Ventures has a total shareholder equity of LKR5.7B and total debt of LKR3.1B, which brings its debt-to-equity ratio to 54.1%. Its total assets and total liabilities are LKR8.9B and LKR3.2B respectively. Lanka Ventures's EBIT is LKR367.0M making its interest coverage ratio 1. It has cash and short-term investments of LKR394.3M.
Key information
54.1%
Debt to equity ratio
LK₨3.06b
Debt
| Interest coverage ratio | 1x |
| Cash | LK₨394.26m |
| Equity | LK₨5.65b |
| Total liabilities | LK₨3.22b |
| Total assets | LK₨8.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LVEN.N0000's short term assets (LKR982.4M) exceed its short term liabilities (LKR558.5M).
Long Term Liabilities: LVEN.N0000's short term assets (LKR982.4M) do not cover its long term liabilities (LKR2.7B).
Debt to Equity History and Analysis
Debt Level: LVEN.N0000's net debt to equity ratio (47.1%) is considered high.
Reducing Debt: LVEN.N0000's debt to equity ratio has reduced from 57.8% to 54.1% over the past 5 years.
Debt Coverage: LVEN.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: LVEN.N0000's interest payments on its debt are not well covered by EBIT (1x coverage).