CIC Holdings Balance Sheet Health
Financial Health criteria checks 4/6
CIC Holdings has a total shareholder equity of LKR39.0B and total debt of LKR27.3B, which brings its debt-to-equity ratio to 69.9%. Its total assets and total liabilities are LKR79.6B and LKR40.6B respectively. CIC Holdings's EBIT is LKR10.2B making its interest coverage ratio 3.5. It has cash and short-term investments of LKR8.9B.
Key information
69.9%
Debt to equity ratio
LK₨27.28b
Debt
Interest coverage ratio | 3.5x |
Cash | LK₨8.89b |
Equity | LK₨39.00b |
Total liabilities | LK₨40.64b |
Total assets | LK₨79.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CIC.N0000's short term assets (LKR41.0B) exceed its short term liabilities (LKR37.4B).
Long Term Liabilities: CIC.N0000's short term assets (LKR41.0B) exceed its long term liabilities (LKR3.2B).
Debt to Equity History and Analysis
Debt Level: CIC.N0000's net debt to equity ratio (47.1%) is considered high.
Reducing Debt: CIC.N0000's debt to equity ratio has reduced from 142.8% to 69.9% over the past 5 years.
Debt Coverage: CIC.N0000's debt is not well covered by operating cash flow (10.8%).
Interest Coverage: CIC.N0000's interest payments on its debt are well covered by EBIT (3.5x coverage).