Serendib Land Balance Sheet Health
Financial Health criteria checks 4/6
Serendib Land has a total shareholder equity of LKR666.5M and total debt of LKR2.1M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are LKR787.3M and LKR120.9M respectively. Serendib Land's EBIT is LKR20.4M making its interest coverage ratio -2.9. It has cash and short-term investments of LKR4.5M.
Key information
0.3%
Debt to equity ratio
LK₨2.13m
Debt
Interest coverage ratio | -2.9x |
Cash | LK₨4.49m |
Equity | LK₨666.45m |
Total liabilities | LK₨120.87m |
Total assets | LK₨787.33m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SLND.N0000's short term assets (LKR74.4M) exceed its short term liabilities (LKR16.9M).
Long Term Liabilities: SLND.N0000's short term assets (LKR74.4M) do not cover its long term liabilities (LKR103.9M).
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 increased from 0.02% to 0.3% over the past 5 years.
Debt Coverage: SLND.N0000's debt is well covered by operating cash flow (432%).
Interest Coverage: SLND.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.