Muller & Phipps (Ceylon) Balance Sheet Health
Financial Health criteria checks 1/6
Muller & Phipps (Ceylon) has a total shareholder equity of LKR-23.6M and total debt of LKR74.9M, which brings its debt-to-equity ratio to -317.7%. Its total assets and total liabilities are LKR591.8M and LKR615.3M respectively. Muller & Phipps (Ceylon)'s EBIT is LKR164.8M making its interest coverage ratio 2.6. It has cash and short-term investments of LKR54.8M.
Key information
-317.7%
Debt to equity ratio
LK₨74.91m
Debt
Interest coverage ratio | 2.6x |
Cash | LK₨54.76m |
Equity | -LK₨23.58m |
Total liabilities | LK₨615.34m |
Total assets | LK₨591.76m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MULL.N0000 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: MULL.N0000 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: MULL.N0000 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: MULL.N0000's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: MULL.N0000's debt is well covered by operating cash flow (259%).
Interest Coverage: MULL.N0000's interest payments on its debt are not well covered by EBIT (2.6x coverage).