Prime Lands Residencies Balance Sheet Health
Financial Health criteria checks 6/6
Prime Lands Residencies has a total shareholder equity of LKR9.7B and total debt of LKR1.3B, which brings its debt-to-equity ratio to 13.4%. Its total assets and total liabilities are LKR16.9B and LKR7.2B respectively. Prime Lands Residencies's EBIT is LKR1.6B making its interest coverage ratio -7.9. It has cash and short-term investments of LKR5.4B.
Key information
13.4%
Debt to equity ratio
LK₨1.29b
Debt
| Interest coverage ratio | -7.9x |
| Cash | LK₨5.43b |
| Equity | LK₨9.67b |
| Total liabilities | LK₨7.23b |
| Total assets | LK₨16.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PLR.N0000's short term assets (LKR15.7B) exceed its short term liabilities (LKR6.9B).
Long Term Liabilities: PLR.N0000's short term assets (LKR15.7B) exceed its long term liabilities (LKR375.3M).
Debt to Equity History and Analysis
Debt Level: PLR.N0000 has more cash than its total debt.
Reducing Debt: PLR.N0000's debt to equity ratio has reduced from 229.5% to 13.4% over the past 5 years.
Debt Coverage: PLR.N0000's debt is well covered by operating cash flow (338.2%).
Interest Coverage: PLR.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.