LOLC General Insurance Balance Sheet Health
Financial Health criteria checks 4/6
LOLC General Insurance has a total shareholder equity of LKR6.2B and total debt of LKR370.7M, which brings its debt-to-equity ratio to 6%. Its total assets and total liabilities are LKR19.7B and LKR13.5B respectively. LOLC General Insurance's EBIT is LKR1.0B making its interest coverage ratio 11.3. It has cash and short-term investments of LKR1.4B.
Key information
6.0%
Debt to equity ratio
LK₨370.71m
Debt
| Interest coverage ratio | 11.3x |
| Cash | LK₨1.44b |
| Equity | LK₨6.20b |
| Total liabilities | LK₨13.49b |
| Total assets | LK₨19.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LGIL.N0000's short term assets (LKR6.4B) do not cover its short term liabilities (LKR13.1B).
Long Term Liabilities: LGIL.N0000's short term assets (LKR6.4B) exceed its long term liabilities (LKR381.0M).
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 (128%).
Interest Coverage: LGIL.N0000's interest payments on its debt are well covered by EBIT (11.3x coverage).