Lankem Developments Balance Sheet Health
Financial Health criteria checks 5/6
Lankem Developments has a total shareholder equity of LKR3.5B and total debt of LKR1.6B, which brings its debt-to-equity ratio to 47.4%. Its total assets and total liabilities are LKR8.8B and LKR5.4B respectively. Lankem Developments's EBIT is LKR684.9M making its interest coverage ratio 4.2. It has cash and short-term investments of LKR875.4M.
Key information
47.4%
Debt to equity ratio
LK₨1.64b
Debt
| Interest coverage ratio | 4.2x |
| Cash | LK₨875.40m |
| Equity | LK₨3.46b |
| Total liabilities | LK₨5.39b |
| Total assets | LK₨8.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LDEV.N0000's short term assets (LKR2.9B) exceed its short term liabilities (LKR2.5B).
Long Term Liabilities: LDEV.N0000's short term assets (LKR2.9B) exceed its long term liabilities (LKR2.9B).
Debt to Equity History and Analysis
Debt Level: LDEV.N0000's net debt to equity ratio (22.1%) is considered satisfactory.
Reducing Debt: LDEV.N0000's debt to equity ratio has reduced from 177.2% to 47.4% over the past 5 years.
Debt Coverage: LDEV.N0000's debt is not well covered by operating cash flow (6.9%).
Interest Coverage: LDEV.N0000's interest payments on its debt are well covered by EBIT (4.2x coverage).