Sunshine Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Sunshine Holdings has a total shareholder equity of LKR23.5B and total debt of LKR9.1B, which brings its debt-to-equity ratio to 38.6%. Its total assets and total liabilities are LKR46.5B and LKR22.9B respectively. Sunshine Holdings's EBIT is LKR8.6B making its interest coverage ratio 19.7. It has cash and short-term investments of LKR6.6B.
Key information
38.6%
Debt to equity ratio
LK₨9.07b
Debt
| Interest coverage ratio | 19.7x |
| Cash | LK₨6.57b |
| Equity | LK₨23.52b |
| Total liabilities | LK₨22.95b |
| Total assets | LK₨46.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SUN.N0000's short term assets (LKR32.5B) exceed its short term liabilities (LKR18.0B).
Long Term Liabilities: SUN.N0000's short term assets (LKR32.5B) exceed its long term liabilities (LKR5.0B).
Debt to Equity History and Analysis
Debt Level: SUN.N0000's net debt to equity ratio (10.7%) is considered satisfactory.
Reducing Debt: SUN.N0000's debt to equity ratio has reduced from 38.9% to 38.6% over the past 5 years.
Debt Coverage: SUN.N0000's debt is well covered by operating cash flow (42.8%).
Interest Coverage: SUN.N0000's interest payments on its debt are well covered by EBIT (19.7x coverage).