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


Debt to equity ratio



Interest coverage ratio1.7x
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

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