Prime Lands Residencies Balance Sheet Health
Financial Health criteria checks 6/6
Prime Lands Residencies has a total shareholder equity of LKR9.3B and total debt of LKR2.7B, which brings its debt-to-equity ratio to 28.5%. Its total assets and total liabilities are LKR16.6B and LKR7.3B respectively. Prime Lands Residencies's EBIT is LKR1.7B making its interest coverage ratio 3.8. It has cash and short-term investments of LKR4.2B.
Key information
28.5%
Debt to equity ratio
LK₨2.66b
Debt
Interest coverage ratio | 3.8x |
Cash | LK₨4.21b |
Equity | LK₨9.34b |
Total liabilities | LK₨7.25b |
Total assets | LK₨16.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PLR.N0000's short term assets (LKR15.5B) exceed its short term liabilities (LKR6.5B).
Long Term Liabilities: PLR.N0000's short term assets (LKR15.5B) exceed its long term liabilities (LKR725.6M).
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 192% to 28.5% over the past 5 years.
Debt Coverage: PLR.N0000's debt is well covered by operating cash flow (134.1%).
Interest Coverage: PLR.N0000's interest payments on its debt are well covered by EBIT (3.8x coverage).