CIC Holdings Balance Sheet Health
Financial Health criteria checks 4/6
CIC Holdings has a total shareholder equity of LKR41.7B and total debt of LKR28.1B, which brings its debt-to-equity ratio to 67.4%. Its total assets and total liabilities are LKR84.0B and LKR42.3B respectively. CIC Holdings's EBIT is LKR10.7B making its interest coverage ratio 4.8. It has cash and short-term investments of LKR6.8B.
Key information
67.4%
Debt to equity ratio
LK₨28.12b
Debt
| Interest coverage ratio | 4.8x |
| Cash | LK₨6.79b |
| Equity | LK₨41.71b |
| Total liabilities | LK₨42.27b |
| Total assets | LK₨83.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CIC.X0000's short term assets (LKR45.0B) exceed its short term liabilities (LKR36.8B).
Long Term Liabilities: CIC.X0000's short term assets (LKR45.0B) exceed its long term liabilities (LKR5.4B).
Debt to Equity History and Analysis
Debt Level: CIC.X0000's net debt to equity ratio (51.1%) is considered high.
Reducing Debt: CIC.X0000's debt to equity ratio has reduced from 160.7% to 67.4% over the past 5 years.
Debt Coverage: CIC.X0000's debt is not well covered by operating cash flow (7.2%).
Interest Coverage: CIC.X0000's interest payments on its debt are well covered by EBIT (4.8x coverage).