Dipped Products Balance Sheet Health
Financial Health criteria checks 6/6
Dipped Products has a total shareholder equity of LKR34.4B and total debt of LKR8.5B, which brings its debt-to-equity ratio to 24.8%. Its total assets and total liabilities are LKR63.3B and LKR28.9B respectively. Dipped Products's EBIT is LKR6.1B making its interest coverage ratio 4.2. It has cash and short-term investments of LKR9.8B.
Key information
24.8%
Debt to equity ratio
LK₨8.52b
Debt
Interest coverage ratio | 4.2x |
Cash | LK₨9.83b |
Equity | LK₨34.39b |
Total liabilities | LK₨28.92b |
Total assets | LK₨63.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DIPD.N0000's short term assets (LKR35.1B) exceed its short term liabilities (LKR17.6B).
Long Term Liabilities: DIPD.N0000's short term assets (LKR35.1B) exceed its long term liabilities (LKR11.3B).
Debt to Equity History and Analysis
Debt Level: DIPD.N0000 has more cash than its total debt.
Reducing Debt: DIPD.N0000's debt to equity ratio has reduced from 37.7% to 24.8% over the past 5 years.
Debt Coverage: DIPD.N0000's debt is well covered by operating cash flow (137%).
Interest Coverage: DIPD.N0000's interest payments on its debt are well covered by EBIT (4.2x coverage).