Carson Cumberbatch Balance Sheet Health
Financial Health criteria checks 6/6
Carson Cumberbatch has a total shareholder equity of LKR143.6B and total debt of LKR86.4B, which brings its debt-to-equity ratio to 60.2%. Its total assets and total liabilities are LKR287.8B and LKR144.2B respectively. Carson Cumberbatch's EBIT is LKR43.5B making its interest coverage ratio 3.8. It has cash and short-term investments of LKR51.5B.
Key information
60.2%
Debt to equity ratio
LK₨86.45b
Debt
Interest coverage ratio | 3.8x |
Cash | LK₨51.53b |
Equity | LK₨143.62b |
Total liabilities | LK₨144.17b |
Total assets | LK₨287.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CARS.N0000's short term assets (LKR96.1B) exceed its short term liabilities (LKR64.4B).
Long Term Liabilities: CARS.N0000's short term assets (LKR96.1B) exceed its long term liabilities (LKR79.8B).
Debt to Equity History and Analysis
Debt Level: CARS.N0000's net debt to equity ratio (24.3%) is considered satisfactory.
Reducing Debt: CARS.N0000's debt to equity ratio has reduced from 117.2% to 60.2% over the past 5 years.
Debt Coverage: CARS.N0000's debt is well covered by operating cash flow (38.8%).
Interest Coverage: CARS.N0000's interest payments on its debt are well covered by EBIT (3.8x coverage).