Softlogic Life Insurance Balance Sheet Health
Financial Health criteria checks 4/6
Softlogic Life Insurance has a total shareholder equity of LKR13.3B and total debt of LKR5.4B, which brings its debt-to-equity ratio to 40.4%. Its total assets and total liabilities are LKR51.3B and LKR38.0B respectively. Softlogic Life Insurance's EBIT is LKR4.4B making its interest coverage ratio 5.2. It has cash and short-term investments of LKR6.8B.
Key information
40.4%
Debt to equity ratio
LK₨5.39b
Debt
Interest coverage ratio | 5.2x |
Cash | LK₨6.77b |
Equity | LK₨13.33b |
Total liabilities | LK₨38.01b |
Total assets | LK₨51.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AAIC.N0000's short term assets (LKR10.6B) exceed its short term liabilities (LKR5.5B).
Long Term Liabilities: AAIC.N0000's short term assets (LKR10.6B) do not cover its long term liabilities (LKR32.5B).
Debt to Equity History and Analysis
Debt Level: AAIC.N0000 has more cash than its total debt.
Reducing Debt: AAIC.N0000's debt to equity ratio has increased from 5.6% to 40.4% over the past 5 years.
Debt Coverage: AAIC.N0000's debt is well covered by operating cash flow (31.3%).
Interest Coverage: AAIC.N0000's interest payments on its debt are well covered by EBIT (5.2x coverage).