Richard Pieris Exports Balance Sheet Health
Financial Health criteria checks 4/6
Richard Pieris Exports has a total shareholder equity of LKR5.1B and total debt of LKR2.3B, which brings its debt-to-equity ratio to 44.7%. Its total assets and total liabilities are LKR10.3B and LKR5.2B respectively. Richard Pieris Exports's EBIT is LKR197.7M making its interest coverage ratio -6.8. It has cash and short-term investments of LKR1.7B.
Key information
44.7%
Debt to equity ratio
LK₨2.27b
Debt
| Interest coverage ratio | -6.8x |
| Cash | LK₨1.67b |
| Equity | LK₨5.09b |
| Total liabilities | LK₨5.20b |
| Total assets | LK₨10.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: REXP.N0000's short term assets (LKR6.0B) exceed its short term liabilities (LKR4.9B).
Long Term Liabilities: REXP.N0000's short term assets (LKR6.0B) exceed its long term liabilities (LKR290.0M).
Debt to Equity History and Analysis
Debt Level: REXP.N0000's net debt to equity ratio (11.9%) is considered satisfactory.
Reducing Debt: REXP.N0000's debt to equity ratio has increased from 10.6% to 44.7% over the past 5 years.
Debt Coverage: REXP.N0000's debt is not well covered by operating cash flow (3.3%).
Interest Coverage: REXP.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.