Ceylon Tea Brokers Balance Sheet Health
Financial Health criteria checks 2/6
Ceylon Tea Brokers has a total shareholder equity of LKR585.3M and total debt of LKR2.7B, which brings its debt-to-equity ratio to 457.2%. Its total assets and total liabilities are LKR4.2B and LKR3.6B respectively. Ceylon Tea Brokers's EBIT is LKR300.2M making its interest coverage ratio 1.6. It has cash and short-term investments of LKR904.5M.
Key information
457.2%
Debt to equity ratio
LK₨2.68b
Debt
| Interest coverage ratio | 1.6x |
| Cash | LK₨904.54m |
| Equity | LK₨585.26m |
| Total liabilities | LK₨3.64b |
| Total assets | LK₨4.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CTBL.N0000's short term assets (LKR3.0B) exceed its short term liabilities (LKR2.8B).
Long Term Liabilities: CTBL.N0000's short term assets (LKR3.0B) exceed its long term liabilities (LKR875.2M).
Debt to Equity History and Analysis
Debt Level: CTBL.N0000's net debt to equity ratio (302.6%) is considered high.
Reducing Debt: CTBL.N0000's debt to equity ratio has increased from 331% to 457.2% over the past 5 years.
Debt Coverage: CTBL.N0000's debt is not well covered by operating cash flow (15.2%).
Interest Coverage: CTBL.N0000's interest payments on its debt are not well covered by EBIT (1.6x coverage).