Union Assurance Balance Sheet Health
Financial Health criteria checks 5/6
Union Assurance has a total shareholder equity of LKR20.6B and total debt of LKR192.3M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are LKR102.2B and LKR81.7B respectively. Union Assurance's EBIT is LKR4.9B making its interest coverage ratio 124.7. It has cash and short-term investments of LKR5.5B.
Key information
0.9%
Debt to equity ratio
LK₨192.28m
Debt
| Interest coverage ratio | 124.7x |
| Cash | LK₨5.54b |
| Equity | LK₨20.56b |
| Total liabilities | LK₨81.66b |
| Total assets | LK₨102.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UAL.N0000's short term assets (LKR8.3B) exceed its short term liabilities (LKR1.3B).
Long Term Liabilities: UAL.N0000's short term assets (LKR8.3B) do not cover its long term liabilities (LKR80.4B).
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 1.4% to 0.9% over the past 5 years.
Debt Coverage: UAL.N0000's debt is well covered by operating cash flow (6614.8%).
Interest Coverage: UAL.N0000's interest payments on its debt are well covered by EBIT (124.7x coverage).