Lanka Milk Foods (CWE) Balance Sheet Health
Financial Health criteria checks 4/6
Lanka Milk Foods (CWE) has a total shareholder equity of LKR21.3B and total debt of LKR6.2B, which brings its debt-to-equity ratio to 29%. Its total assets and total liabilities are LKR29.6B and LKR8.4B respectively. Lanka Milk Foods (CWE)'s EBIT is LKR742.4M making its interest coverage ratio -1.7. It has cash and short-term investments of LKR291.2M.
Key information
29.0%
Debt to equity ratio
LK₨6.17b
Debt
| Interest coverage ratio | -1.7x |
| Cash | LK₨291.21m |
| Equity | LK₨21.27b |
| Total liabilities | LK₨8.36b |
| Total assets | LK₨29.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LMF.N0000's short term assets (LKR7.0B) exceed its short term liabilities (LKR5.7B).
Long Term Liabilities: LMF.N0000's short term assets (LKR7.0B) exceed its long term liabilities (LKR2.7B).
Debt to Equity History and Analysis
Debt Level: LMF.N0000's net debt to equity ratio (27.6%) is considered satisfactory.
Reducing Debt: LMF.N0000's debt to equity ratio has increased from 4% to 29% 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 earns more interest than it pays, so coverage of interest payments is not a concern.