LGI Balance Sheet Health
Financial Health criteria checks 5/6
LGI has a total shareholder equity of A$52.8M and total debt of A$19.1M, which brings its debt-to-equity ratio to 36.2%. Its total assets and total liabilities are A$88.6M and A$35.8M respectively. LGI's EBIT is A$9.9M making its interest coverage ratio 9.8. It has cash and short-term investments of A$17.4M.
Key information
36.2%
Debt to equity ratio
AU$19.10m
Debt
| Interest coverage ratio | 9.8x |
| Cash | AU$17.43m |
| Equity | AU$52.80m |
| Total liabilities | AU$35.79m |
| Total assets | AU$88.59m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: LGI's short term assets (A$21.2M) exceed its short term liabilities (A$7.2M).
Long Term Liabilities: LGI's short term assets (A$21.2M) do not cover its long term liabilities (A$28.6M).
Debt to Equity History and Analysis
Debt Level: LGI's net debt to equity ratio (3.2%) is considered satisfactory.
Reducing Debt: LGI's debt to equity ratio has reduced from 131.1% to 36.2% over the past 5 years.
Debt Coverage: LGI's debt is well covered by operating cash flow (51.9%).
Interest Coverage: LGI's interest payments on its debt are well covered by EBIT (9.8x coverage).