Mercantile Shipping Balance Sheet Health
Financial Health criteria checks 4/6
Mercantile Shipping has a total shareholder equity of LKR76.0M and total debt of LKR2.4M, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are LKR90.0M and LKR13.9M respectively.
Key information
3.2%
Debt to equity ratio
LK₨2.45m
Debt
| Interest coverage ratio | n/a |
| Cash | LK₨45.71m |
| Equity | LK₨76.04m |
| Total liabilities | LK₨13.92m |
| Total assets | LK₨89.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MSL.N0000's short term assets (LKR53.4M) exceed its short term liabilities (LKR12.7M).
Long Term Liabilities: MSL.N0000's short term assets (LKR53.4M) exceed its long term liabilities (LKR1.3M).
Debt to Equity History and Analysis
Debt Level: MSL.N0000 has more cash than its total debt.
Reducing Debt: MSL.N0000 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: MSL.N0000's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if MSL.N0000's interest payments on its debt are well covered by EBIT.