People's Insurance Balance Sheet Health
Financial Health criteria checks 5/6
People's Insurance has a total shareholder equity of LKR5.5B and total debt of LKR32.5M, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are LKR12.0B and LKR6.5B respectively. People's Insurance's EBIT is LKR763.6M making its interest coverage ratio 11. It has cash and short-term investments of LKR327.3M.
Key information
0.6%
Debt to equity ratio
LK₨32.55m
Debt
| Interest coverage ratio | 11x |
| Cash | LK₨327.27m |
| Equity | LK₨5.53b |
| Total liabilities | LK₨6.49b |
| Total assets | LK₨12.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PINS.N0000's short term assets (LKR1.8B) do not cover its short term liabilities (LKR5.3B).
Long Term Liabilities: PINS.N0000's short term assets (LKR1.8B) exceed its long term liabilities (LKR1.2B).
Debt to Equity History and Analysis
Debt Level: PINS.N0000 has more cash than its total debt.
Reducing Debt: PINS.N0000's debt to equity ratio has reduced from 5% to 0.6% over the past 5 years.
Debt Coverage: PINS.N0000's debt is well covered by operating cash flow (2371.3%).
Interest Coverage: PINS.N0000's interest payments on its debt are well covered by EBIT (11x coverage).