Lankem Developments Balance Sheet Health
Financial Health criteria checks 5/6
Lankem Developments has a total shareholder equity of LKR3.8B and total debt of LKR1.6B, which brings its debt-to-equity ratio to 41.6%. Its total assets and total liabilities are LKR8.8B and LKR4.9B respectively. Lankem Developments's EBIT is LKR1.2B making its interest coverage ratio 11.3. It has cash and short-term investments of LKR841.7M.
Key information
41.6%
Debt to equity ratio
LK₨1.60b
Debt
| Interest coverage ratio | 11.3x |
| Cash | LK₨841.74m |
| Equity | LK₨3.84b |
| Total liabilities | LK₨4.94b |
| Total assets | LK₨8.78b |
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 (LKR2.3B).
Long Term Liabilities: LDEV.N0000's short term assets (LKR2.9B) exceed its long term liabilities (LKR2.6B).
Debt to Equity History and Analysis
Debt Level: LDEV.N0000's net debt to equity ratio (19.7%) is considered satisfactory.
Reducing Debt: LDEV.N0000's debt to equity ratio has reduced from 259.7% to 41.6% over the past 5 years.
Debt Coverage: LDEV.N0000's debt is not well covered by operating cash flow (12.8%).
Interest Coverage: LDEV.N0000's interest payments on its debt are well covered by EBIT (11.3x coverage).