Latitude Group Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Latitude Group Holdings has a total shareholder equity of A$1.2B and total debt of A$5.7B, which brings its debt-to-equity ratio to 465.7%. Its total assets and total liabilities are A$7.3B and A$6.1B respectively.
Key information
465.7%
Debt to equity ratio
AU$5.75b
Debt
Interest coverage ratio | n/a |
Cash | AU$275.20m |
Equity | AU$1.23b |
Total liabilities | AU$6.11b |
Total assets | AU$7.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LFS's short term assets (A$6.3B) exceed its short term liabilities (A$1.5B).
Long Term Liabilities: LFS's short term assets (A$6.3B) exceed its long term liabilities (A$4.6B).
Debt to Equity History and Analysis
Debt Level: LFS's net debt to equity ratio (443.4%) is considered high.
Reducing Debt: LFS's debt to equity ratio has reduced from 2060.6% to 465.7% over the past 5 years.
Debt Coverage: LFS's debt is not well covered by operating cash flow (5.3%).
Interest Coverage: Insufficient data to determine if LFS's interest payments on its debt are well covered by EBIT.