Lanka Milk Foods (CWE) (COL:LMF.N0000) Debt-to-Equity : 0.32 (As of Dec. 2023)

View and export this data going back to 1983. Start your Free Trial

What is Lanka Milk Foods (CWE) Debt-to-Equity?

Lanka Milk Foods (CWE)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was රු4,327 Mil. Lanka Milk Foods (CWE)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was රු2,447 Mil. Lanka Milk Foods (CWE)'s Total Stockholders Equity for the quarter that ended in Dec. 2023 was රු21,270 Mil. Lanka Milk Foods (CWE)'s debt to equity for the quarter that ended in Dec. 2023 was 0.32.

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 Milk Foods (CWE)'s Debt-to-Equity or its related term are showing as below:

COL:LMF.N0000' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.13 Max: 0.43
Current: 0.32

During the past 13 years, the highest Debt-to-Equity Ratio of Lanka Milk Foods (CWE) was 0.43. The lowest was 0.03. And the median was 0.13.

COL:LMF.N0000's Debt-to-Equity is ranked better than
57.22% of 1641 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs COL:LMF.N0000: 0.32

Lanka Milk Foods (CWE) Debt-to-Equity Historical Data

The historical data trend for Lanka Milk Foods (CWE)'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 Milk Foods (CWE) Debt-to-Equity Chart

Lanka Milk Foods (CWE) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.13

0.18

0.21

0.39

0.36

Lanka Milk Foods (CWE) 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															0.40	0.36	0.43	0.35	0.32

Competitive Comparison of Lanka Milk Foods (CWE)'s Debt-to-Equity

For the Packaged Foods subindustry, Lanka Milk Foods (CWE)'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 Milk Foods (CWE)'s Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Lanka Milk Foods (CWE)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Lanka Milk Foods (CWE)'s Debt-to-Equity falls into.

Lanka Milk Foods (CWE) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lanka Milk Foods (CWE)'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
	=	(2544.471	+	2706.838)	/	14704.588
	=	0.36

Lanka Milk Foods (CWE)'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
	=	(4326.578	+	2446.582)	/	21269.604
	=	0.32

Lanka Milk Foods (CWE) (COL:LMF.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 Milk Foods (CWE) Debt-to-Equity Related Terms

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

Lanka Milk Foods (CWE) (COL:LMF.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Lanka Milk Foods (CWE) PLC (COL:LMF.N0000) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 579/1, Welisara, Ragama, LKA

Website

https://www.lmfgroup.lk

Lanka Milk Foods (CWE) PLC is engaged in the business of importing, packing, manufacturing, marketing, and distributing milk allied products. The company's operating segment includes Powdered Milk; Liquid Milk and Others, Agriculture and Trading. It generates maximum revenue from the Liquid Milk and Others segment. The Liquid Milk and Others segment includes the operating chain of packing and selling of UHT products, Daily, Ambewela Farm Fresh Milk, and fruit juice.

Lanka Milk Foods (CWE) (COL:LMF.N0000) Headlines

No Headlines