Horana Plantations Balance Sheet Health
Financial Health criteria checks 1/6
Horana Plantations has a total shareholder equity of LKR916.8M and total debt of LKR1.8B, which brings its debt-to-equity ratio to 199.5%. Its total assets and total liabilities are LKR4.8B and LKR3.9B respectively. Horana Plantations's EBIT is LKR378.7M making its interest coverage ratio 1.9. It has cash and short-term investments of LKR52.3M.
Key information
199.5%
Debt to equity ratio
LK₨1.83b
Debt
| Interest coverage ratio | 1.9x |
| Cash | LK₨52.33m |
| Equity | LK₨916.76m |
| Total liabilities | LK₨3.87b |
| Total assets | LK₨4.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HOPL.N0000's short term assets (LKR798.6M) do not cover its short term liabilities (LKR1.3B).
Long Term Liabilities: HOPL.N0000's short term assets (LKR798.6M) do not cover its long term liabilities (LKR2.6B).
Debt to Equity History and Analysis
Debt Level: HOPL.N0000's net debt to equity ratio (193.8%) is considered high.
Reducing Debt: HOPL.N0000's debt to equity ratio has increased from 108.7% to 199.5% over the past 5 years.
Debt Coverage: HOPL.N0000's debt is well covered by operating cash flow (23.5%).
Interest Coverage: HOPL.N0000's interest payments on its debt are not well covered by EBIT (1.9x coverage).