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 LKR9.5B and total debt of LKR3.1B, which brings its debt-to-equity ratio to 32.6%. Its total assets and total liabilities are LKR31.4B and LKR21.9B respectively. Distilleries Company of Sri Lanka's EBIT is LKR23.2B making its interest coverage ratio -27. It has cash and short-term investments of LKR941.8M.
Key information
32.6%
Debt to equity ratio
LK₨3.08b
Debt
Interest coverage ratio | -27x |
Cash | LK₨941.83m |
Equity | LK₨9.47b |
Total liabilities | LK₨21.91b |
Total assets | LK₨31.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DIST.N0000's short term assets (LKR21.7B) exceed its short term liabilities (LKR19.8B).
Long Term Liabilities: DIST.N0000's short term assets (LKR21.7B) exceed its long term liabilities (LKR2.1B).
Debt to Equity History and Analysis
Debt Level: DIST.N0000's net debt to equity ratio (22.6%) is considered satisfactory.
Reducing Debt: DIST.N0000's debt to equity ratio has reduced from 66.3% to 32.6% over the past 5 years.
Debt Coverage: DIST.N0000's debt is well covered by operating cash flow (570.2%).
Interest Coverage: DIST.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.