Lanka Milk Foods (CWE) Balance Sheet Health
Financial Health criteria checks 4/6
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 -3.4. It has cash and short-term investments of LKR483.6M.
Key information
26.8%
Debt to equity ratio
LK₨5.85b
Debt
Interest coverage ratio | -3.4x |
Cash | LK₨483.58m |
Equity | LK₨21.86b |
Total liabilities | LK₨8.64b |
Total assets | LK₨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 earns more interest than it pays, so coverage of interest payments is not a concern.