Singer (Sri Lanka) Balance Sheet Health
Financial Health criteria checks 3/6
Singer (Sri Lanka) has a total shareholder equity of LKR11.6B and total debt of LKR32.4B, which brings its debt-to-equity ratio to 279.6%. Its total assets and total liabilities are LKR87.9B and LKR76.3B respectively. Singer (Sri Lanka)'s EBIT is LKR2.2B making its interest coverage ratio 0.9. It has cash and short-term investments of LKR11.1B.
Key information
279.6%
Debt to equity ratio
LK₨32.37b
Debt
| Interest coverage ratio | 0.9x |
| Cash | LK₨11.15b |
| Equity | LK₨11.58b |
| Total liabilities | LK₨76.30b |
| Total assets | LK₨87.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SINS.N0000's short term assets (LKR64.6B) exceed its short term liabilities (LKR56.0B).
Long Term Liabilities: SINS.N0000's short term assets (LKR64.6B) exceed its long term liabilities (LKR20.3B).
Debt to Equity History and Analysis
Debt Level: SINS.N0000's net debt to equity ratio (183.3%) is considered high.
Reducing Debt: SINS.N0000's debt to equity ratio has reduced from 378.1% to 279.6% over the past 5 years.
Debt Coverage: SINS.N0000's debt is not well covered by operating cash flow (4.8%).
Interest Coverage: SINS.N0000's interest payments on its debt are not well covered by EBIT (0.9x coverage).