Millennium Housing Developers Balance Sheet Health
Financial Health criteria checks 2/6
Millennium Housing Developers has a total shareholder equity of LKR725.1M and total debt of LKR714.1M, which brings its debt-to-equity ratio to 98.5%. Its total assets and total liabilities are LKR2.0B and LKR1.3B respectively.
Key information
98.5%
Debt to equity ratio
LK₨714.13m
Debt
Interest coverage ratio | n/a |
Cash | LK₨12.85m |
Equity | LK₨725.05m |
Total liabilities | LK₨1.28b |
Total assets | LK₨2.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MHDL.N0000's short term assets (LKR1.8B) exceed its short term liabilities (LKR1.0B).
Long Term Liabilities: MHDL.N0000's short term assets (LKR1.8B) exceed its long term liabilities (LKR257.1M).
Debt to Equity History and Analysis
Debt Level: MHDL.N0000's net debt to equity ratio (96.7%) is considered high.
Reducing Debt: MHDL.N0000's debt to equity ratio has increased from 86.7% to 98.5% over the past 5 years.
Debt Coverage: MHDL.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if MHDL.N0000's interest payments on its debt are well covered by EBIT.