Lanka IOC Balance Sheet Health
Financial Health criteria checks 6/6
Lanka IOC has a total shareholder equity of LKR77.2B and total debt of LKR8.0B, which brings its debt-to-equity ratio to 10.3%. Its total assets and total liabilities are LKR109.3B and LKR32.0B respectively. Lanka IOC's EBIT is LKR13.5B making its interest coverage ratio -2.5. It has cash and short-term investments of LKR47.9B.
Key information
10.3%
Debt to equity ratio
LK₨7.96b
Debt
| Interest coverage ratio | -2.5x |
| Cash | LK₨47.89b |
| Equity | LK₨77.25b |
| Total liabilities | LK₨32.02b |
| Total assets | LK₨109.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LIOC.N0000's short term assets (LKR97.9B) exceed its short term liabilities (LKR31.9B).
Long Term Liabilities: LIOC.N0000's short term assets (LKR97.9B) exceed its long term liabilities (LKR134.7M).
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 43.3% to 10.3% over the past 5 years.
Debt Coverage: LIOC.N0000's debt is well covered by operating cash flow (201.8%).
Interest Coverage: LIOC.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.