Swisstek (Ceylon) Balance Sheet Health
Financial Health criteria checks 2/6
Swisstek (Ceylon) has a total shareholder equity of LKR2.0B and total debt of LKR6.4B, which brings its debt-to-equity ratio to 315.4%. Its total assets and total liabilities are LKR10.5B and LKR8.5B respectively. Swisstek (Ceylon)'s EBIT is LKR510.7M making its interest coverage ratio 0.7. It has cash and short-term investments of LKR406.7M.
Key information
315.4%
Debt to equity ratio
LK₨6.40b
Debt
Interest coverage ratio | 0.7x |
Cash | LK₨406.67m |
Equity | LK₨2.03b |
Total liabilities | LK₨8.52b |
Total assets | LK₨10.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PARQ.N0000's short term assets (LKR6.7B) exceed its short term liabilities (LKR5.0B).
Long Term Liabilities: PARQ.N0000's short term assets (LKR6.7B) exceed its long term liabilities (LKR3.5B).
Debt to Equity History and Analysis
Debt Level: PARQ.N0000's net debt to equity ratio (295.4%) is considered high.
Reducing Debt: PARQ.N0000's debt to equity ratio has increased from 139.7% to 315.4% over the past 5 years.
Debt Coverage: PARQ.N0000's debt is not well covered by operating cash flow (17.4%).
Interest Coverage: PARQ.N0000's interest payments on its debt are not well covered by EBIT (0.7x coverage).