LOLC General Insurance Balance Sheet Health
Financial Health criteria checks 3/6
LOLC General Insurance has a total shareholder equity of LKR6.8B and total debt of LKR236.3M, which brings its debt-to-equity ratio to 3.5%. Its total assets and total liabilities are LKR22.6B and LKR15.8B respectively. LOLC General Insurance's EBIT is LKR941.4M making its interest coverage ratio 16.5. It has cash and short-term investments of LKR240.8M.
Key information
3.5%
Debt to equity ratio
LK₨236.26m
Debt
| Interest coverage ratio | 16.5x |
| Cash | LK₨240.78m |
| Equity | LK₨6.79b |
| Total liabilities | LK₨15.76b |
| Total assets | LK₨22.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LGIL.N0000's short term assets (LKR7.7B) do not cover its short term liabilities (LKR15.2B).
Long Term Liabilities: LGIL.N0000's short term assets (LKR7.7B) exceed its long term liabilities (LKR521.7M).
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 operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: LGIL.N0000's interest payments on its debt are well covered by EBIT (16.5x coverage).