Swisstek (Ceylon) Balance Sheet Health
Financial Health criteria checks 3/6
Swisstek (Ceylon) has a total shareholder equity of LKR2.7B and total debt of LKR6.4B, which brings its debt-to-equity ratio to 236.9%. Its total assets and total liabilities are LKR12.0B and LKR9.3B respectively. Swisstek (Ceylon)'s EBIT is LKR1.2B making its interest coverage ratio 3.4. It has cash and short-term investments of LKR419.1M.
Key information
236.9%
Debt to equity ratio
LK₨6.35b
Debt
| Interest coverage ratio | 3.4x |
| Cash | LK₨419.13m |
| Equity | LK₨2.68b |
| Total liabilities | LK₨9.34b |
| Total assets | LK₨12.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PARQ.N0000's short term assets (LKR7.6B) exceed its short term liabilities (LKR6.7B).
Long Term Liabilities: PARQ.N0000's short term assets (LKR7.6B) exceed its long term liabilities (LKR2.6B).
Debt to Equity History and Analysis
Debt Level: PARQ.N0000's net debt to equity ratio (221.3%) is considered high.
Reducing Debt: PARQ.N0000's debt to equity ratio has increased from 150.1% to 236.9% over the past 5 years.
Debt Coverage: PARQ.N0000's debt is not well covered by operating cash flow (3.4%).
Interest Coverage: PARQ.N0000's interest payments on its debt are well covered by EBIT (3.4x coverage).