Serendib Land Balance Sheet Health
Financial Health criteria checks 5/6
Serendib Land has a total shareholder equity of LKR709.6M and total debt of LKR133.0K, which brings its debt-to-equity ratio to 0.02%. Its total assets and total liabilities are LKR834.1M and LKR124.5M respectively. Serendib Land's EBIT is LKR19.9M making its interest coverage ratio -2.6. It has cash and short-term investments of LKR13.2M.
Key information
0.02%
Debt to equity ratio
LK₨132.98k
Debt
| Interest coverage ratio | -2.6x |
| Cash | LK₨13.16m |
| Equity | LK₨709.64m |
| Total liabilities | LK₨124.50m |
| Total assets | LK₨834.14m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SLND.N0000's short term assets (LKR85.9M) exceed its short term liabilities (LKR15.2M).
Long Term Liabilities: SLND.N0000's short term assets (LKR85.9M) do not cover its long term liabilities (LKR109.3M).
Debt to Equity History and Analysis
Debt Level: SLND.N0000 has more cash than its total debt.
Reducing Debt: SLND.N0000's debt to equity ratio has reduced from 0.2% to 0.02% over the past 5 years.
Debt Coverage: SLND.N0000's debt is well covered by operating cash flow (7541.1%).
Interest Coverage: SLND.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.