Tokyo Cement Company (Lanka) Balance Sheet Health
Financial Health criteria checks 5/6
Tokyo Cement Company (Lanka) has a total shareholder equity of LKR27.0B and total debt of LKR14.0B, which brings its debt-to-equity ratio to 51.9%. Its total assets and total liabilities are LKR49.7B and LKR22.7B respectively. Tokyo Cement Company (Lanka)'s EBIT is LKR5.2B making its interest coverage ratio -2.4. It has cash and short-term investments of LKR1.5B.
Key information
51.9%
Debt to equity ratio
LK₨14.01b
Debt
Interest coverage ratio | -2.4x |
Cash | LK₨1.49b |
Equity | LK₨26.99b |
Total liabilities | LK₨22.74b |
Total assets | LK₨49.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TKYO.N0000's short term assets (LKR14.7B) exceed its short term liabilities (LKR14.2B).
Long Term Liabilities: TKYO.N0000's short term assets (LKR14.7B) exceed its long term liabilities (LKR8.5B).
Debt to Equity History and Analysis
Debt Level: TKYO.N0000's net debt to equity ratio (46.4%) is considered high.
Reducing Debt: TKYO.N0000's debt to equity ratio has reduced from 101.3% to 51.9% over the past 5 years.
Debt Coverage: TKYO.N0000's debt is well covered by operating cash flow (27.6%).
Interest Coverage: TKYO.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.