Union Assurance Balance Sheet Health
Financial Health criteria checks 5/6
Union Assurance has a total shareholder equity of LKR24.2B and total debt of LKR122.6M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are LKR95.7B and LKR71.5B respectively. Union Assurance's EBIT is LKR5.0B making its interest coverage ratio 127.9. It has cash and short-term investments of LKR9.9B.
Key information
0.5%
Debt to equity ratio
LK₨122.56m
Debt
Interest coverage ratio | 127.9x |
Cash | LK₨9.94b |
Equity | LK₨24.16b |
Total liabilities | LK₨71.51b |
Total assets | LK₨95.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UAL.N0000's short term assets (LKR12.1B) exceed its short term liabilities (LKR4.0B).
Long Term Liabilities: UAL.N0000's short term assets (LKR12.1B) do not cover its long term liabilities (LKR67.5B).
Debt to Equity History and Analysis
Debt Level: UAL.N0000 has more cash than its total debt.
Reducing Debt: UAL.N0000's debt to equity ratio has reduced from 1.8% to 0.5% over the past 5 years.
Debt Coverage: UAL.N0000's debt is well covered by operating cash flow (8527.6%).
Interest Coverage: UAL.N0000's interest payments on its debt are well covered by EBIT (127.9x coverage).