Lanka Walltiles (COL:LWL.N0000) Debt-to-Equity : 0.62 (As of Dec. 2023)

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What is Lanka Walltiles Debt-to-Equity?

Lanka Walltiles's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was රු6,231 Mil. Lanka Walltiles's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was රු6,524 Mil. Lanka Walltiles's Total Stockholders Equity for the quarter that ended in Dec. 2023 was රු20,742 Mil. Lanka Walltiles's debt to equity for the quarter that ended in Dec. 2023 was 0.61.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Lanka Walltiles's Debt-to-Equity or its related term are showing as below:

COL:LWL.N0000' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.44 Med: 0.62 Max: 1.01
Current: 0.62

During the past 13 years, the highest Debt-to-Equity Ratio of Lanka Walltiles was 1.01. The lowest was 0.44. And the median was 0.62.

COL:LWL.N0000's Debt-to-Equity is ranked worse than
61.27% of 1526 companies
in the Construction industry
Industry Median: 0.44 vs COL:LWL.N0000: 0.62

Lanka Walltiles Debt-to-Equity Historical Data

The historical data trend for Lanka Walltiles's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Lanka Walltiles Debt-to-Equity Chart

Lanka Walltiles Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.82

0.98

0.45

0.59

0.69

Lanka Walltiles Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.75	0.69	0.67	0.60	0.62

Competitive Comparison of Lanka Walltiles's Debt-to-Equity

For the Building Products & Equipment subindustry, Lanka Walltiles's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Lanka Walltiles's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Lanka Walltiles's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Lanka Walltiles's Debt-to-Equity falls into.

Lanka Walltiles Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lanka Walltiles's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(12221.073	+	650.072)	/	18632.274
	=	0.69

Lanka Walltiles's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(6231.372	+	6523.961)	/	20741.928
	=	0.61

Lanka Walltiles (COL:LWL.N0000) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Lanka Walltiles Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Lanka Walltiles's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Lanka Walltiles (COL:LWL.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Lanka Walltiles PLC (COL:LWL.N0000) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

No. 215, Nawala Road, Narahenpita, Colombo, LKA, 05

Website

https://www.lankatiles.com

Lanka Walltiles PLC is a ceramic wall tile manufacturer in Sri Lanka. The company comprises the following business segments: Tiles and Associated Items segment, which manufactures and distributes wall tiles, floor tiles and related products; Biological Assets segment is engaged in the cultivation, processing, and sale of tea and rubber; Aluminum Products segment is engaged in the manufacturing and distribution of aluminum extrusions and allied products through a network of dealers and distributors; and Packaging Materials division, which manufactures and distributes packaging materials. The company caters to both domestic and international markets.

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