Lanka Milk Foods (CWE) Balance Sheet Health
Financial Health criteria checks 4/6
Lanka Milk Foods (CWE) has a total shareholder equity of LKR21.8B and total debt of LKR5.9B, which brings its debt-to-equity ratio to 27.3%. Its total assets and total liabilities are LKR30.4B and LKR8.7B respectively. Lanka Milk Foods (CWE)'s EBIT is LKR324.7M making its interest coverage ratio -0.6. It has cash and short-term investments of LKR475.0M.
Key information
27.3%
Debt to equity ratio
LK₨5.93b
Debt
| Interest coverage ratio | -0.6x |
| Cash | LK₨474.98m |
| Equity | LK₨21.76b |
| Total liabilities | LK₨8.68b |
| Total assets | LK₨30.44b |
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 (LKR2.9B).
Debt to Equity History and Analysis
Debt Level: LMF.N0000's net debt to equity ratio (25.1%) is considered satisfactory.
Reducing Debt: LMF.N0000's debt to equity ratio has increased from 9.1% to 27.3% over the past 5 years.
Debt Coverage: LMF.N0000's debt is not well covered by operating cash flow (1%).
Interest Coverage: LMF.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.