Life Settlement Assets Balance Sheet Health
Financial Health criteria checks 6/6
Life Settlement Assets has a total shareholder equity of $111.2M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $113.6M and $2.4M respectively. Life Settlement Assets's EBIT is $7.9M making its interest coverage ratio 3.2. It has cash and short-term investments of $12.2M.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | 3.2x |
Cash | US$12.16m |
Equity | US$111.21m |
Total liabilities | US$2.39m |
Total assets | US$113.60m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LSAA's short term assets ($43.6M) exceed its short term liabilities ($2.4M).
Long Term Liabilities: LSAA has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: LSAA is debt free.
Reducing Debt: LSAA has no debt compared to 5 years ago when its debt to equity ratio was 19.8%.
Debt Coverage: LSAA has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: LSAA has no debt, therefore coverage of interest payments is not a concern.