Distilleries Company of Sri Lanka Balance Sheet Health
Financial Health criteria checks 6/6
Distilleries Company of Sri Lanka has a total shareholder equity of LKR11.4B and total debt of LKR1.7B, which brings its debt-to-equity ratio to 14.7%. Its total assets and total liabilities are LKR35.0B and LKR23.6B respectively. Distilleries Company of Sri Lanka's EBIT is LKR23.2B making its interest coverage ratio -51.7. It has cash and short-term investments of LKR4.2B.
Key information
14.7%
Debt to equity ratio
LK₨1.68b
Debt
| Interest coverage ratio | -51.7x |
| Cash | LK₨4.22b |
| Equity | LK₨11.40b |
| Total liabilities | LK₨23.63b |
| Total assets | LK₨35.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DIST.N0000's short term assets (LKR23.5B) exceed its short term liabilities (LKR20.9B).
Long Term Liabilities: DIST.N0000's short term assets (LKR23.5B) exceed its long term liabilities (LKR2.7B).
Debt to Equity History and Analysis
Debt Level: DIST.N0000 has more cash than its total debt.
Reducing Debt: DIST.N0000's debt to equity ratio has reduced from 36.1% to 14.7% over the past 5 years.
Debt Coverage: DIST.N0000's debt is well covered by operating cash flow (1101.3%).
Interest Coverage: DIST.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.