Lanka Hospitals Balance Sheet Health
Financial Health criteria checks 6/6
Lanka Hospitals has a total shareholder equity of LKR12.6B and total debt of LKR289.7M, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are LKR16.3B and LKR3.7B respectively. Lanka Hospitals's EBIT is LKR1.2B making its interest coverage ratio -1. It has cash and short-term investments of LKR8.0B.
Key information
2.3%
Debt to equity ratio
LK₨289.73m
Debt
Interest coverage ratio | -1x |
Cash | LK₨7.98b |
Equity | LK₨12.60b |
Total liabilities | LK₨3.72b |
Total assets | LK₨16.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LHCL.N0000's short term assets (LKR10.3B) exceed its short term liabilities (LKR2.1B).
Long Term Liabilities: LHCL.N0000's short term assets (LKR10.3B) exceed its long term liabilities (LKR1.7B).
Debt to Equity History and Analysis
Debt Level: LHCL.N0000 has more cash than its total debt.
Reducing Debt: LHCL.N0000's debt to equity ratio has reduced from 5.1% to 2.3% over the past 5 years.
Debt Coverage: LHCL.N0000's debt is well covered by operating cash flow (521.4%).
Interest Coverage: LHCL.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.