Carson Cumberbatch PLC

COSE:CARS.N0000 Stock Report

Market Cap: LK₨57.1b

Carson Cumberbatch Balance Sheet Health

Financial Health criteria checks 6/6

Carson Cumberbatch has a total shareholder equity of LKR143.8B and total debt of LKR86.5B, which brings its debt-to-equity ratio to 60.1%. Its total assets and total liabilities are LKR288.1B and LKR144.3B respectively. Carson Cumberbatch's EBIT is LKR47.3B making its interest coverage ratio 3.8. It has cash and short-term investments of LKR51.5B.

Key information

60.1%

Debt to equity ratio

LK₨86.45b

Debt

Interest coverage ratio3.8x
CashLK₨51.53b
EquityLK₨143.79b
Total liabilitiesLK₨144.30b
Total assetsLK₨288.09b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: CARS.N0000's short term assets (LKR96.3B) exceed its short term liabilities (LKR65.3B).

Long Term Liabilities: CARS.N0000's short term assets (LKR96.3B) exceed its long term liabilities (LKR79.0B).


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 60.1% over the past 5 years.

Debt Coverage: CARS.N0000's debt is well covered by operating cash flow (39.1%).

Interest Coverage: CARS.N0000's interest payments on its debt are well covered by EBIT (3.8x coverage).


Balance Sheet


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