Elpitiya Plantations Balance Sheet Health
Financial Health criteria checks 6/6
Elpitiya Plantations has a total shareholder equity of LKR8.5B and total debt of LKR72.2M, which brings its debt-to-equity ratio to 0.8%. Its total assets and total liabilities are LKR12.4B and LKR3.9B respectively. Elpitiya Plantations's EBIT is LKR1.2B making its interest coverage ratio -3.9. It has cash and short-term investments of LKR2.5B.
Key information
0.8%
Debt to equity ratio
LK₨72.22m
Debt
Interest coverage ratio | -3.9x |
Cash | LK₨2.45b |
Equity | LK₨8.53b |
Total liabilities | LK₨3.91b |
Total assets | LK₨12.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ELPL.N0000's short term assets (LKR3.9B) exceed its short term liabilities (LKR799.4M).
Long Term Liabilities: ELPL.N0000's short term assets (LKR3.9B) exceed its long term liabilities (LKR3.1B).
Debt to Equity History and Analysis
Debt Level: ELPL.N0000 has more cash than its total debt.
Reducing Debt: ELPL.N0000's debt to equity ratio has reduced from 4.1% to 0.8% over the past 5 years.
Debt Coverage: ELPL.N0000's debt is well covered by operating cash flow (2670.3%).
Interest Coverage: ELPL.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.