Lanka Milk Foods (CWE) PLC

COSE:LMF.N0000 Stock Report

Market Cap: LK₨12.3b

Lanka Milk Foods (CWE) Balance Sheet Health

Financial Health criteria checks 3/6

Lanka Milk Foods (CWE) has a total shareholder equity of LKR21.9B and total debt of LKR5.9B, which brings its debt-to-equity ratio to 26.8%. Its total assets and total liabilities are LKR30.5B and LKR8.6B respectively. Lanka Milk Foods (CWE)'s EBIT is LKR1.8B making its interest coverage ratio 1.7. It has cash and short-term investments of LKR483.6M.

Key information

26.8%

Debt to equity ratio

LK₨5.85b

Debt

Interest coverage ratio1.7x
CashLK₨483.58m
EquityLK₨21.86b
Total liabilitiesLK₨8.64b
Total assetsLK₨30.50b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: LMF.N0000's short term assets (LKR6.9B) exceed its short term liabilities (LKR6.0B).

Long Term Liabilities: LMF.N0000's short term assets (LKR6.9B) exceed its long term liabilities (LKR2.6B).


Debt to Equity History and Analysis

Debt Level: LMF.N0000's net debt to equity ratio (24.6%) is considered satisfactory.

Reducing Debt: LMF.N0000's debt to equity ratio has increased from 13.1% to 26.8% over the past 5 years.

Debt Coverage: LMF.N0000's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: LMF.N0000's interest payments on its debt are not well covered by EBIT (1.7x coverage).


Balance Sheet


Discover healthy companies

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.