Myland Developments Balance Sheet Health
Financial Health criteria checks 2/6
Myland Developments has a total shareholder equity of LKR153.0M and total debt of LKR77.9M, which brings its debt-to-equity ratio to 50.9%. Its total assets and total liabilities are LKR323.8M and LKR170.8M respectively.
Key information
50.9%
Debt to equity ratio
LK₨77.86m
Debt
Interest coverage ratio | n/a |
Cash | LK₨6.99m |
Equity | LK₨152.99m |
Total liabilities | LK₨170.84m |
Total assets | LK₨323.83m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MDL.N0000's short term assets (LKR270.8M) exceed its short term liabilities (LKR114.1M).
Long Term Liabilities: MDL.N0000's short term assets (LKR270.8M) exceed its long term liabilities (LKR56.7M).
Debt to Equity History and Analysis
Debt Level: MDL.N0000's net debt to equity ratio (46.3%) is considered high.
Reducing Debt: Insufficient data to determine if MDL.N0000's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MDL.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if MDL.N0000's interest payments on its debt are well covered by EBIT.