Ceylon Tea Brokers Balance Sheet Health
Financial Health criteria checks 3/6
Ceylon Tea Brokers has a total shareholder equity of LKR574.1M and total debt of LKR2.6B, which brings its debt-to-equity ratio to 458.8%. Its total assets and total liabilities are LKR3.6B and LKR3.0B respectively. Ceylon Tea Brokers's EBIT is LKR497.2M making its interest coverage ratio 1.7. It has cash and short-term investments of LKR491.2M.
Key information
458.8%
Debt to equity ratio
LK₨2.63b
Debt
| Interest coverage ratio | 1.7x |
| Cash | LK₨491.24m |
| Equity | LK₨574.12m |
| Total liabilities | LK₨2.98b |
| Total assets | LK₨3.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CTBL.N0000's short term assets (LKR2.4B) exceed its short term liabilities (LKR1.9B).
Long Term Liabilities: CTBL.N0000's short term assets (LKR2.4B) exceed its long term liabilities (LKR1.1B).
Debt to Equity History and Analysis
Debt Level: CTBL.N0000's net debt to equity ratio (373.2%) is considered high.
Reducing Debt: CTBL.N0000's debt to equity ratio has increased from 307.2% to 458.8% over the past 5 years.
Debt Coverage: CTBL.N0000's debt is well covered by operating cash flow (21.1%).
Interest Coverage: CTBL.N0000's interest payments on its debt are not well covered by EBIT (1.7x coverage).