Horana Plantations Balance Sheet Health
Financial Health criteria checks 1/6
Horana Plantations has a total shareholder equity of LKR825.1M and total debt of LKR1.7B, which brings its debt-to-equity ratio to 209.2%. Its total assets and total liabilities are LKR5.0B and LKR4.1B respectively. Horana Plantations's EBIT is LKR431.6M making its interest coverage ratio 2.4. It has cash and short-term investments of LKR45.2M.
Key information
209.2%
Debt to equity ratio
LK₨1.73b
Debt
| Interest coverage ratio | 2.4x |
| Cash | LK₨45.18m |
| Equity | LK₨825.12m |
| Total liabilities | LK₨4.13b |
| Total assets | LK₨4.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HOPL.N0000's short term assets (LKR861.9M) do not cover its short term liabilities (LKR1.4B).
Long Term Liabilities: HOPL.N0000's short term assets (LKR861.9M) do not cover its long term liabilities (LKR2.8B).
Debt to Equity History and Analysis
Debt Level: HOPL.N0000's net debt to equity ratio (203.7%) is considered high.
Reducing Debt: HOPL.N0000's debt to equity ratio has increased from 147.4% to 209.2% over the past 5 years.
Debt Coverage: HOPL.N0000's debt is well covered by operating cash flow (29%).
Interest Coverage: HOPL.N0000's interest payments on its debt are not well covered by EBIT (2.4x coverage).