Ceylon Hospitals Balance Sheet Health
Financial Health criteria checks 4/6
Ceylon Hospitals has a total shareholder equity of LKR8.6B and total debt of LKR3.3B, which brings its debt-to-equity ratio to 38%. Its total assets and total liabilities are LKR14.6B and LKR6.0B respectively. Ceylon Hospitals's EBIT is LKR670.8M making its interest coverage ratio 15.8. It has cash and short-term investments of LKR1.0B.
Key information
38.0%
Debt to equity ratio
LK₨3.28b
Debt
Interest coverage ratio | 15.8x |
Cash | LK₨1.01b |
Equity | LK₨8.63b |
Total liabilities | LK₨5.96b |
Total assets | LK₨14.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CHL.X0000's short term assets (LKR2.9B) exceed its short term liabilities (LKR2.1B).
Long Term Liabilities: CHL.X0000's short term assets (LKR2.9B) do not cover its long term liabilities (LKR3.9B).
Debt to Equity History and Analysis
Debt Level: CHL.X0000's net debt to equity ratio (26.3%) is considered satisfactory.
Reducing Debt: CHL.X0000's debt to equity ratio has increased from 23.2% to 38% over the past 5 years.
Debt Coverage: CHL.X0000's debt is well covered by operating cash flow (23.6%).
Interest Coverage: CHL.X0000's interest payments on its debt are well covered by EBIT (15.8x coverage).