Colombo Land and Development Balance Sheet Health
Financial Health criteria checks 2/6
Colombo Land and Development has a total shareholder equity of LKR8.3B and total debt of LKR1.5B, which brings its debt-to-equity ratio to 17.5%. Its total assets and total liabilities are LKR13.8B and LKR5.5B respectively. Colombo Land and Development's EBIT is LKR112.4M making its interest coverage ratio 0.4. It has cash and short-term investments of LKR12.7M.
Key information
17.5%
Debt to equity ratio
LK₨1.46b
Debt
Interest coverage ratio | 0.4x |
Cash | LK₨12.68m |
Equity | LK₨8.31b |
Total liabilities | LK₨5.50b |
Total assets | LK₨13.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CLND.N0000's short term assets (LKR123.9M) do not cover its short term liabilities (LKR247.3M).
Long Term Liabilities: CLND.N0000's short term assets (LKR123.9M) do not cover its long term liabilities (LKR5.3B).
Debt to Equity History and Analysis
Debt Level: CLND.N0000's net debt to equity ratio (17.4%) is considered satisfactory.
Reducing Debt: CLND.N0000's debt to equity ratio has reduced from 21.2% to 17.5% over the past 5 years.
Debt Coverage: CLND.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CLND.N0000's interest payments on its debt are not well covered by EBIT (0.4x coverage).