Richard Pieris Exports Balance Sheet Health
Financial Health criteria checks 4/6
Richard Pieris Exports has a total shareholder equity of LKR5.4B and total debt of LKR2.3B, which brings its debt-to-equity ratio to 43%. Its total assets and total liabilities are LKR9.8B and LKR4.4B respectively. Richard Pieris Exports's EBIT is LKR173.8M making its interest coverage ratio -2.1. It has cash and short-term investments of LKR2.1B.
Key information
43.0%
Debt to equity ratio
LK₨2.32b
Debt
Interest coverage ratio | -2.1x |
Cash | LK₨2.12b |
Equity | LK₨5.39b |
Total liabilities | LK₨4.38b |
Total assets | LK₨9.77b |
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 (LKR4.0B).
Long Term Liabilities: REXP.N0000's short term assets (LKR6.0B) exceed its long term liabilities (LKR379.4M).
Debt to Equity History and Analysis
Debt Level: REXP.N0000's net debt to equity ratio (3.7%) is considered satisfactory.
Reducing Debt: REXP.N0000's debt to equity ratio has increased from 14.3% to 43% over the past 5 years.
Debt Coverage: REXP.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: REXP.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.