Sunshine Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Sunshine Holdings has a total shareholder equity of LKR21.9B and total debt of LKR9.2B, which brings its debt-to-equity ratio to 41.8%. Its total assets and total liabilities are LKR42.5B and LKR20.6B respectively. Sunshine Holdings's EBIT is LKR8.6B making its interest coverage ratio 11. It has cash and short-term investments of LKR4.8B.
Key information
41.8%
Debt to equity ratio
LK₨9.18b
Debt
Interest coverage ratio | 11x |
Cash | LK₨4.81b |
Equity | LK₨21.94b |
Total liabilities | LK₨20.60b |
Total assets | LK₨42.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SUN.N0000's short term assets (LKR28.7B) exceed its short term liabilities (LKR16.4B).
Long Term Liabilities: SUN.N0000's short term assets (LKR28.7B) exceed its long term liabilities (LKR4.2B).
Debt to Equity History and Analysis
Debt Level: SUN.N0000's net debt to equity ratio (19.9%) is considered satisfactory.
Reducing Debt: SUN.N0000's debt to equity ratio has reduced from 48.5% to 41.8% over the past 5 years.
Debt Coverage: SUN.N0000's debt is well covered by operating cash flow (54.5%).
Interest Coverage: SUN.N0000's interest payments on its debt are well covered by EBIT (11x coverage).