Union Chemicals Lanka Balance Sheet Health
Financial Health criteria checks 6/6
Union Chemicals Lanka has a total shareholder equity of LKR1.2B and total debt of LKR4.6M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are LKR1.4B and LKR198.5M respectively. Union Chemicals Lanka's EBIT is LKR307.7M making its interest coverage ratio -9.4. It has cash and short-term investments of LKR58.8M.
Key information
0.4%
Debt to equity ratio
LK₨4.57m
Debt
| Interest coverage ratio | -9.4x |
| Cash | LK₨58.80m |
| Equity | LK₨1.19b |
| Total liabilities | LK₨198.51m |
| Total assets | LK₨1.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UCAR.N0000's short term assets (LKR1.0B) exceed its short term liabilities (LKR159.3M).
Long Term Liabilities: UCAR.N0000's short term assets (LKR1.0B) exceed its long term liabilities (LKR39.2M).
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 6.5% to 0.4% over the past 5 years.
Debt Coverage: UCAR.N0000's debt is well covered by operating cash flow (4757.4%).
Interest Coverage: UCAR.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.