Myland Developments Balance Sheet Health
Financial Health criteria checks 2/6
Myland Developments has a total shareholder equity of LKR132.8M and total debt of LKR66.9M, which brings its debt-to-equity ratio to 50.4%. Its total assets and total liabilities are LKR266.7M and LKR133.9M respectively.
Key information
50.4%
Debt to equity ratio
LK₨66.91m
Debt
| Interest coverage ratio | n/a |
| Cash | LK₨919.94k |
| Equity | LK₨132.81m |
| Total liabilities | LK₨133.86m |
| Total assets | LK₨266.67m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MDL.N0000's short term assets (LKR216.6M) exceed its short term liabilities (LKR81.9M).
Long Term Liabilities: MDL.N0000's short term assets (LKR216.6M) exceed its long term liabilities (LKR51.9M).
Debt to Equity History and Analysis
Debt Level: MDL.N0000's net debt to equity ratio (49.7%) 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.