CT Land Development Balance Sheet Health
Financial Health criteria checks 1/6
CT Land Development has a total shareholder equity of LKR3.9B and total debt of LKR197.9M, which brings its debt-to-equity ratio to 5%. Its total assets and total liabilities are LKR5.2B and LKR1.2B respectively. CT Land Development's EBIT is LKR17.0M making its interest coverage ratio 0.9. It has cash and short-term investments of LKR84.0K.
Key information
5.0%
Debt to equity ratio
LK₨197.88m
Debt
Interest coverage ratio | 0.9x |
Cash | LK₨84.00k |
Equity | LK₨3.93b |
Total liabilities | LK₨1.25b |
Total assets | LK₨5.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CTLD.N0000's short term assets (LKR122.3M) do not cover its short term liabilities (LKR155.6M).
Long Term Liabilities: CTLD.N0000's short term assets (LKR122.3M) do not cover its long term liabilities (LKR1.1B).
Debt to Equity History and Analysis
Debt Level: CTLD.N0000's net debt to equity ratio (5%) is considered satisfactory.
Reducing Debt: CTLD.N0000's debt to equity ratio has increased from 0.6% to 5% over the past 5 years.
Debt Coverage: CTLD.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CTLD.N0000's interest payments on its debt are not well covered by EBIT (0.9x coverage).