Lanka IOC Balance Sheet Health
Financial Health criteria checks 6/6
Lanka IOC has a total shareholder equity of LKR77.1B and total debt of LKR4.6B, which brings its debt-to-equity ratio to 5.9%. Its total assets and total liabilities are LKR121.9B and LKR44.8B respectively. Lanka IOC's EBIT is LKR10.2B making its interest coverage ratio -1.8. It has cash and short-term investments of LKR49.1B.
Key information
5.9%
Debt to equity ratio
LK₨4.59b
Debt
| Interest coverage ratio | -1.8x |
| Cash | LK₨49.07b |
| Equity | LK₨77.11b |
| Total liabilities | LK₨44.82b |
| Total assets | LK₨121.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LIOC.N0000's short term assets (LKR110.5B) exceed its short term liabilities (LKR44.7B).
Long Term Liabilities: LIOC.N0000's short term assets (LKR110.5B) exceed its long term liabilities (LKR118.1M).
Debt to Equity History and Analysis
Debt Level: LIOC.N0000 has more cash than its total debt.
Reducing Debt: LIOC.N0000's debt to equity ratio has reduced from 57.3% to 5.9% over the past 5 years.
Debt Coverage: LIOC.N0000's debt is well covered by operating cash flow (178.5%).
Interest Coverage: LIOC.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.