Laugfs Gas Balance Sheet Health
Financial Health criteria checks 1/6
Laugfs Gas has a total shareholder equity of LKR4.4B and total debt of LKR31.0B, which brings its debt-to-equity ratio to 707.8%. Its total assets and total liabilities are LKR44.4B and LKR40.0B respectively. Laugfs Gas's EBIT is LKR4.1B making its interest coverage ratio 1. It has cash and short-term investments of LKR1.1B.
Key information
707.8%
Debt to equity ratio
LK₨30.97b
Debt
Interest coverage ratio | 1x |
Cash | LK₨1.05b |
Equity | LK₨4.38b |
Total liabilities | LK₨39.98b |
Total assets | LK₨44.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LGL.X0000's short term assets (LKR6.2B) do not cover its short term liabilities (LKR19.1B).
Long Term Liabilities: LGL.X0000's short term assets (LKR6.2B) do not cover its long term liabilities (LKR20.9B).
Debt to Equity History and Analysis
Debt Level: LGL.X0000's net debt to equity ratio (683.7%) is considered high.
Reducing Debt: LGL.X0000's debt to equity ratio has reduced from 1851.7% to 707.8% over the past 5 years.
Debt Coverage: LGL.X0000's debt is not well covered by operating cash flow (8.3%).
Interest Coverage: LGL.X0000's interest payments on its debt are not well covered by EBIT (1x coverage).