Janashakthi Insurance Balance Sheet Health
Financial Health criteria checks 4/6
Janashakthi Insurance has a total shareholder equity of LKR15.6B and total debt of LKR3.5B, which brings its debt-to-equity ratio to 22.7%. Its total assets and total liabilities are LKR36.2B and LKR20.6B respectively. Janashakthi Insurance's EBIT is LKR5.4B making its interest coverage ratio 49.4. It has cash and short-term investments of LKR16.4B.
Key information
22.7%
Debt to equity ratio
LK₨3.53b
Debt
Interest coverage ratio | 49.4x |
Cash | LK₨16.36b |
Equity | LK₨15.59b |
Total liabilities | LK₨20.60b |
Total assets | LK₨36.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JINS.N0000's short term assets (LKR17.4B) exceed its short term liabilities (LKR2.1B).
Long Term Liabilities: JINS.N0000's short term assets (LKR17.4B) do not cover its long term liabilities (LKR18.5B).
Debt to Equity History and Analysis
Debt Level: JINS.N0000 has more cash than its total debt.
Reducing Debt: JINS.N0000's debt to equity ratio has increased from 1.2% to 22.7% over the past 5 years.
Debt Coverage: JINS.N0000's debt is well covered by operating cash flow (106.5%).
Interest Coverage: JINS.N0000's interest payments on its debt are well covered by EBIT (49.4x coverage).