Convenience Foods (Lanka) Balance Sheet Health
Financial Health criteria checks 6/6
Convenience Foods (Lanka) has a total shareholder equity of LKR2.7B and total debt of LKR0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are LKR3.6B and LKR911.3M respectively. Convenience Foods (Lanka)'s EBIT is LKR400.3M making its interest coverage ratio 12.5. It has cash and short-term investments of LKR1.1B.
Key information
0%
Debt to equity ratio
LK₨0
Debt
Interest coverage ratio | 12.5x |
Cash | LK₨1.09b |
Equity | LK₨2.67b |
Total liabilities | LK₨911.25m |
Total assets | LK₨3.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SOY.N0000's short term assets (LKR2.9B) exceed its short term liabilities (LKR706.2M).
Long Term Liabilities: SOY.N0000's short term assets (LKR2.9B) exceed its long term liabilities (LKR205.0M).
Debt to Equity History and Analysis
Debt Level: SOY.N0000 is debt free.
Reducing Debt: SOY.N0000 has no debt compared to 5 years ago when its debt to equity ratio was 2%.
Debt Coverage: SOY.N0000 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: SOY.N0000 has no debt, therefore coverage of interest payments is not a concern.