Light & Wonder Balance Sheet Health
Financial Health criteria checks 2/6
Light & Wonder has a total shareholder equity of $835.0M and total debt of $3.9B, which brings its debt-to-equity ratio to 464%. Its total assets and total liabilities are $5.6B and $4.8B respectively. Light & Wonder's EBIT is $694.0M making its interest coverage ratio 2.5. It has cash and short-term investments of $450.0M.
Key information
464.0%
Debt to equity ratio
US$3.87b
Debt
Interest coverage ratio | 2.5x |
Cash | US$450.00m |
Equity | US$835.00m |
Total liabilities | US$4.75b |
Total assets | US$5.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LNW's short term assets ($1.3B) exceed its short term liabilities ($677.0M).
Long Term Liabilities: LNW's short term assets ($1.3B) do not cover its long term liabilities ($4.1B).
Debt to Equity History and Analysis
Debt Level: LNW's net debt to equity ratio (410.1%) is considered high.
Reducing Debt: LNW had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: LNW's debt is not well covered by operating cash flow (14.9%).
Interest Coverage: LNW's interest payments on its debt are not well covered by EBIT (2.5x coverage).