Mercantile Investments and Finance Balance Sheet Health
Financial Health criteria checks 4/6
Mercantile Investments and Finance has a total shareholder equity of LKR12.6B and total debt of LKR5.1B, which brings its debt-to-equity ratio to 40.7%. Its total assets and total liabilities are LKR58.8B and LKR46.2B respectively.
Key information
40.7%
Debt to equity ratio
LK₨5.13b
Debt
| Interest coverage ratio | n/a |
| Cash | LK₨1.38b |
| Equity | LK₨12.59b |
| Total liabilities | LK₨46.21b |
| Total assets | LK₨58.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MERC.N0000's short term assets (LKR44.6B) exceed its short term liabilities (LKR39.3B).
Long Term Liabilities: MERC.N0000's short term assets (LKR44.6B) exceed its long term liabilities (LKR6.9B).
Debt to Equity History and Analysis
Debt Level: MERC.N0000's net debt to equity ratio (29.7%) is considered satisfactory.
Reducing Debt: MERC.N0000's debt to equity ratio has reduced from 107.8% to 40.7% 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.