Live Nation Entertainment Balance Sheet Health
Financial Health criteria checks 4/6
Live Nation Entertainment has a total shareholder equity of $1.5B and total debt of $6.6B, which brings its debt-to-equity ratio to 444.8%. Its total assets and total liabilities are $19.1B and $17.6B respectively. Live Nation Entertainment's EBIT is $1.1B making its interest coverage ratio 9.7. It has cash and short-term investments of $6.2B.
Key information
444.8%
Debt to equity ratio
US$6.59b
Debt
Interest coverage ratio | 9.7x |
Cash | US$6.23b |
Equity | US$1.48b |
Total liabilities | US$17.59b |
Total assets | US$19.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: L1YV34's short term assets ($9.6B) do not cover its short term liabilities ($10.0B).
Long Term Liabilities: L1YV34's short term assets ($9.6B) exceed its long term liabilities ($7.6B).
Debt to Equity History and Analysis
Debt Level: L1YV34's net debt to equity ratio (24%) is considered satisfactory.
Reducing Debt: L1YV34's debt to equity ratio has increased from 168.4% to 444.8% over the past 5 years.
Debt Coverage: L1YV34's debt is well covered by operating cash flow (20.8%).
Interest Coverage: L1YV34's interest payments on its debt are well covered by EBIT (9.7x coverage).