Union Chemicals Lanka Balance Sheet Health
Financial Health criteria checks 6/6
Union Chemicals Lanka has a total shareholder equity of LKR1.1B and total debt of LKR4.4M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are LKR1.3B and LKR210.2M respectively. Union Chemicals Lanka's EBIT is LKR324.6M making its interest coverage ratio -16.2. It has cash and short-term investments of LKR87.5M.
Key information
0.4%
Debt to equity ratio
LK₨4.42m
Debt
Interest coverage ratio | -16.2x |
Cash | LK₨87.54m |
Equity | LK₨1.09b |
Total liabilities | LK₨210.24m |
Total assets | LK₨1.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UCAR.N0000's short term assets (LKR908.6M) exceed its short term liabilities (LKR177.1M).
Long Term Liabilities: UCAR.N0000's short term assets (LKR908.6M) exceed its long term liabilities (LKR33.1M).
Debt to Equity History and Analysis
Debt Level: UCAR.N0000 has more cash than its total debt.
Reducing Debt: UCAR.N0000's debt to equity ratio has reduced from 15.3% to 0.4% over the past 5 years.
Debt Coverage: UCAR.N0000's debt is well covered by operating cash flow (7833.1%).
Interest Coverage: UCAR.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.