Equity Two Balance Sheet Health
Financial Health criteria checks 5/6
Equity Two has a total shareholder equity of LKR1.8B and total debt of LKR0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are LKR2.5B and LKR695.5M respectively. Equity Two's EBIT is LKR112.2M making its interest coverage ratio -2.4. It has cash and short-term investments of LKR261.6M.
Key information
0%
Debt to equity ratio
LK₨0
Debt
| Interest coverage ratio | -2.4x |
| Cash | LK₨261.60m |
| Equity | LK₨1.78b |
| Total liabilities | LK₨695.55m |
| Total assets | LK₨2.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ETWO.N0000's short term assets (LKR343.1M) exceed its short term liabilities (LKR168.2M).
Long Term Liabilities: ETWO.N0000's short term assets (LKR343.1M) do not cover its long term liabilities (LKR527.3M).
Debt to Equity History and Analysis
Debt Level: ETWO.N0000 is debt free.
Reducing Debt: ETWO.N0000 had no debt 5 years ago.
Debt Coverage: ETWO.N0000 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ETWO.N0000 has no debt, therefore coverage of interest payments is not a concern.