Renuka Foods Balance Sheet Health
Financial Health criteria checks 2/6
Renuka Foods has a total shareholder equity of LKR5.3B and total debt of LKR3.9B, which brings its debt-to-equity ratio to 73.3%. Its total assets and total liabilities are LKR11.6B and LKR6.3B respectively. Renuka Foods's EBIT is LKR201.7M making its interest coverage ratio 0.2. It has cash and short-term investments of LKR958.3M.
Key information
73.3%
Debt to equity ratio
LK₨3.90b
Debt
Interest coverage ratio | 0.2x |
Cash | LK₨958.32m |
Equity | LK₨5.32b |
Total liabilities | LK₨6.27b |
Total assets | LK₨11.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: COCO.X0000's short term assets (LKR5.8B) exceed its short term liabilities (LKR4.9B).
Long Term Liabilities: COCO.X0000's short term assets (LKR5.8B) exceed its long term liabilities (LKR1.3B).
Debt to Equity History and Analysis
Debt Level: COCO.X0000's net debt to equity ratio (55.3%) is considered high.
Reducing Debt: COCO.X0000's debt to equity ratio has increased from 30.9% to 73.3% over the past 5 years.
Debt Coverage: COCO.X0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: COCO.X0000's interest payments on its debt are not well covered by EBIT (0.2x coverage).