LOLC General Insurance Balance Sheet Health
Financial Health criteria checks 4/6
LOLC General Insurance has a total shareholder equity of LKR7.2B and total debt of LKR172.2M, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are LKR22.6B and LKR15.3B respectively. LOLC General Insurance's EBIT is LKR1.5B making its interest coverage ratio 15.9. It has cash and short-term investments of LKR1.1B.
Key information
2.4%
Debt to equity ratio
LK₨172.15m
Debt
| Interest coverage ratio | 15.9x |
| Cash | LK₨1.10b |
| Equity | LK₨7.22b |
| Total liabilities | LK₨15.33b |
| Total assets | LK₨22.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LGIL.N0000's short term assets (LKR8.0B) do not cover its short term liabilities (LKR14.8B).
Long Term Liabilities: LGIL.N0000's short term assets (LKR8.0B) exceed its long term liabilities (LKR522.7M).
Debt to Equity History and Analysis
Debt Level: LGIL.N0000 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if LGIL.N0000's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: LGIL.N0000's debt is well covered by operating cash flow (52.8%).
Interest Coverage: LGIL.N0000's interest payments on its debt are well covered by EBIT (15.9x coverage).