Dipped Products Balance Sheet Health
Financial Health criteria checks 6/6
Dipped Products has a total shareholder equity of LKR37.7B and total debt of LKR9.4B, which brings its debt-to-equity ratio to 25.1%. Its total assets and total liabilities are LKR68.9B and LKR31.2B respectively. Dipped Products's EBIT is LKR7.3B making its interest coverage ratio 64.9. It has cash and short-term investments of LKR9.2B.
Key information
25.1%
Debt to equity ratio
LK₨9.45b
Debt
| Interest coverage ratio | 64.9x |
| Cash | LK₨9.19b |
| Equity | LK₨37.70b |
| Total liabilities | LK₨31.21b |
| Total assets | LK₨68.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DIPD.N0000's short term assets (LKR38.0B) exceed its short term liabilities (LKR19.0B).
Long Term Liabilities: DIPD.N0000's short term assets (LKR38.0B) exceed its long term liabilities (LKR12.2B).
Debt to Equity History and Analysis
Debt Level: DIPD.N0000's net debt to equity ratio (0.7%) is considered satisfactory.
Reducing Debt: DIPD.N0000's debt to equity ratio has reduced from 32.8% to 25.1% over the past 5 years.
Debt Coverage: DIPD.N0000's debt is well covered by operating cash flow (51.5%).
Interest Coverage: DIPD.N0000's interest payments on its debt are well covered by EBIT (64.9x coverage).