Janashakthi Insurance Balance Sheet Health
Financial Health criteria checks 4/6
Janashakthi Insurance has a total shareholder equity of LKR13.5B and total debt of LKR5.1B, which brings its debt-to-equity ratio to 37.5%. Its total assets and total liabilities are LKR37.2B and LKR23.7B respectively. Janashakthi Insurance's EBIT is LKR5.0B making its interest coverage ratio 21.2. It has cash and short-term investments of LKR18.7B.
Key information
37.5%
Debt to equity ratio
LK₨5.07b
Debt
| Interest coverage ratio | 21.2x |
| Cash | LK₨18.72b |
| Equity | LK₨13.50b |
| Total liabilities | LK₨23.70b |
| Total assets | LK₨37.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JINS.N0000's short term assets (LKR18.9B) exceed its short term liabilities (LKR2.7B).
Long Term Liabilities: JINS.N0000's short term assets (LKR18.9B) do not cover its long term liabilities (LKR21.0B).
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 6.6% to 37.5% over the past 5 years.
Debt Coverage: JINS.N0000's debt is well covered by operating cash flow (97.3%).
Interest Coverage: JINS.N0000's interest payments on its debt are well covered by EBIT (21.2x coverage).