CT Land Development Balance Sheet Health
Financial Health criteria checks 4/6
CT Land Development has a total shareholder equity of LKR4.7B and total debt of LKR155.7M, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are LKR6.2B and LKR1.5B respectively. CT Land Development's EBIT is LKR78.5M making its interest coverage ratio 3.4. It has cash and short-term investments of LKR46.0K.
Key information
3.3%
Debt to equity ratio
LK₨155.66m
Debt
| Interest coverage ratio | 3.4x |
| Cash | LK₨46.00k |
| Equity | LK₨4.70b |
| Total liabilities | LK₨1.53b |
| Total assets | LK₨6.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CTLD.N0000's short term assets (LKR125.3M) exceed its short term liabilities (LKR92.3M).
Long Term Liabilities: CTLD.N0000's short term assets (LKR125.3M) do not cover its long term liabilities (LKR1.4B).
Debt to Equity History and Analysis
Debt Level: CTLD.N0000's net debt to equity ratio (3.3%) is considered satisfactory.
Reducing Debt: CTLD.N0000's debt to equity ratio has increased from 3% to 3.3% over the past 5 years.
Debt Coverage: CTLD.N0000's debt is well covered by operating cash flow (40.4%).
Interest Coverage: CTLD.N0000's interest payments on its debt are well covered by EBIT (3.4x coverage).