C. W. Mackie Balance Sheet Health
Financial Health criteria checks 2/6
C. W. Mackie has a total shareholder equity of LKR4.0B and total debt of LKR3.1B, which brings its debt-to-equity ratio to 77.7%. Its total assets and total liabilities are LKR9.4B and LKR5.4B respectively. C. W. Mackie's EBIT is LKR1.1B making its interest coverage ratio 1.7. It has cash and short-term investments of LKR51.0M.
Key information
77.7%
Debt to equity ratio
LK₨3.07b
Debt
Interest coverage ratio | 1.7x |
Cash | LK₨50.95m |
Equity | LK₨3.96b |
Total liabilities | LK₨5.40b |
Total assets | LK₨9.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CWM.N0000's short term assets (LKR6.5B) exceed its short term liabilities (LKR4.7B).
Long Term Liabilities: CWM.N0000's short term assets (LKR6.5B) exceed its long term liabilities (LKR681.6M).
Debt to Equity History and Analysis
Debt Level: CWM.N0000's net debt to equity ratio (76.4%) is considered high.
Reducing Debt: CWM.N0000's debt to equity ratio has increased from 52.9% to 77.7% over the past 5 years.
Debt Coverage: CWM.N0000's debt is not well covered by operating cash flow (4.6%).
Interest Coverage: CWM.N0000's interest payments on its debt are not well covered by EBIT (1.7x coverage).