LGI Balance Sheet Health
Financial Health criteria checks 6/6
LGI has a total shareholder equity of A$51.7M and total debt of A$13.2M, which brings its debt-to-equity ratio to 25.5%. Its total assets and total liabilities are A$77.9M and A$26.2M respectively. LGI's EBIT is A$9.4M making its interest coverage ratio 13.4. It has cash and short-term investments of A$16.6M.
Key information
25.5%
Debt to equity ratio
AU$13.19m
Debt
| Interest coverage ratio | 13.4x |
| Cash | AU$16.61m |
| Equity | AU$51.69m |
| Total liabilities | AU$26.23m |
| Total assets | AU$77.91m |
Financial Position Analysis
Short Term Liabilities: LGI's short term assets (A$21.4M) exceed its short term liabilities (A$5.8M).
Long Term Liabilities: LGI's short term assets (A$21.4M) exceed its long term liabilities (A$20.4M).
Debt to Equity History and Analysis
Debt Level: LGI has more cash than its total debt.
Reducing Debt: LGI's debt to equity ratio has reduced from 118.2% to 25.5% over the past 5 years.
Debt Coverage: LGI's debt is well covered by operating cash flow (81.6%).
Interest Coverage: LGI's interest payments on its debt are well covered by EBIT (13.4x coverage).