2 sources
Rising costs leave 37.7% of listed firms unable to cover interest expenses
More than a third of Sri Lanka's listed non-financial companies failed to generate sufficient earnings to cover their interest expenses
Summary
The ICR measures earnings before interest and tax (EBIT) against interest expenses. The proportion of companies reporting higher revenue also increased to 67.2% from 59.8%. It also recorded negative net profit relative to debt.
What this story is about
Organisations
- Central Bank of Sri Lanka2
- Colombo Stock Exchange2
Places
- Sri Lanka2
- Colombo2
Keywords
- interest2
- listed2
- cover2
- firms2
- expenses
- generate
- rising
- unable
- bills
- costs
Names and places drawn from every article in this story. The number shows how many of them mentioned it.
Share this story
Send the whole picture, not one version of it.
Also reported by
2 newsrooms have reported this story
Full coverage