Mercantile Investments and Finance Balance Sheet Health
Financial Health criteria checks 4/6
Mercantile Investments and Finance has a total shareholder equity of LKR12.5B and total debt of LKR3.6B, which brings its debt-to-equity ratio to 29.1%. Its total assets and total liabilities are LKR54.9B and LKR42.5B respectively.
Key information
29.1%
Debt to equity ratio
LK₨3.62b
Debt
| Interest coverage ratio | n/a |
| Cash | LK₨1.20b |
| Equity | LK₨12.45b |
| Total liabilities | LK₨42.49b |
| Total assets | LK₨54.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MERC.N0000's short term assets (LKR40.8B) exceed its short term liabilities (LKR37.3B).
Long Term Liabilities: MERC.N0000's short term assets (LKR40.8B) exceed its long term liabilities (LKR5.2B).
Debt to Equity History and Analysis
Debt Level: MERC.N0000's net debt to equity ratio (19.4%) is considered satisfactory.
Reducing Debt: MERC.N0000's debt to equity ratio has reduced from 109.3% to 29.1% over the past 5 years.
Debt Coverage: MERC.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if MERC.N0000's interest payments on its debt are well covered by EBIT.