Raigam Wayamba Salterns Balance Sheet Health
Financial Health criteria checks 6/6
Raigam Wayamba Salterns has a total shareholder equity of LKR2.4B and total debt of LKR7.0M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are LKR3.2B and LKR856.0M respectively. Raigam Wayamba Salterns's EBIT is LKR326.4M making its interest coverage ratio -2.2. It has cash and short-term investments of LKR1.0B.
Key information
0.3%
Debt to equity ratio
LK₨7.01m
Debt
Interest coverage ratio | -2.2x |
Cash | LK₨1.01b |
Equity | LK₨2.36b |
Total liabilities | LK₨856.01m |
Total assets | LK₨3.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RWSL.N0000's short term assets (LKR2.4B) exceed its short term liabilities (LKR746.8M).
Long Term Liabilities: RWSL.N0000's short term assets (LKR2.4B) exceed its long term liabilities (LKR109.2M).
Debt to Equity History and Analysis
Debt Level: RWSL.N0000 has more cash than its total debt.
Reducing Debt: RWSL.N0000's debt to equity ratio has reduced from 0.6% to 0.3% over the past 5 years.
Debt Coverage: RWSL.N0000's debt is well covered by operating cash flow (3380.2%).
Interest Coverage: RWSL.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.