Light Balance Sheet Health
Financial Health criteria checks 2/6
Light has a total shareholder equity of R$2.7B and total debt of R$12.4B, which brings its debt-to-equity ratio to 460.1%. Its total assets and total liabilities are R$24.2B and R$21.5B respectively. Light's EBIT is R$1.6B making its interest coverage ratio 2.6. It has cash and short-term investments of R$2.8B.
Key information
460.1%
Debt to equity ratio
R$12.37b
Debt
| Interest coverage ratio | 2.6x |
| Cash | R$2.77b |
| Equity | R$2.69b |
| Total liabilities | R$21.53b |
| Total assets | R$24.22b |
Recent financial health updates
Is Light (BVMF:LIGT3) Using Too Much Debt?
Sep 10
Here's Why Light (BVMF:LIGT3) Is Weighed Down By Its Debt Load
Jun 08Light (BVMF:LIGT3) Has No Shortage Of Debt
Apr 11Light (BVMF:LIGT3) Takes On Some Risk With Its Use Of Debt
Jan 05Does Light (BVMF:LIGT3) Have A Healthy Balance Sheet?
Sep 15Here's Why Light (BVMF:LIGT3) Has A Meaningful Debt Burden
Jun 07Recent updates
Light S.A. (BVMF:LIGT3) Not Doing Enough For Some Investors As Its Shares Slump 28%
Oct 31The Return Trends At Light (BVMF:LIGT3) Look Promising
Oct 31Is Light (BVMF:LIGT3) Using Too Much Debt?
Sep 10There's No Escaping Light S.A.'s (BVMF:LIGT3) Muted Revenues Despite A 30% Share Price Rise
Aug 20Lacklustre Performance Is Driving Light S.A.'s (BVMF:LIGT3) Low P/S
Jun 06Light's (BVMF:LIGT3) Solid Earnings Are Supported By Other Strong Factors
Apr 01Light S.A. (BVMF:LIGT3) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny
Feb 01The Returns On Capital At Light (BVMF:LIGT3) Don't Inspire Confidence
Jan 04Here's What's Concerning About Light's (BVMF:LIGT3) Returns On Capital
Aug 10Here's Why Light (BVMF:LIGT3) Is Weighed Down By Its Debt Load
Jun 08Here's What's Concerning About Light's (BVMF:LIGT3) Returns On Capital
Jan 12Light (BVMF:LIGT3) Might Be Having Difficulty Using Its Capital Effectively
Oct 01Is It Time To Consider Buying Light S.A. (BVMF:LIGT3)?
Aug 07Light (BVMF:LIGT3) May Have Issues Allocating Its Capital
Jun 30Industry Analysts Just Made A Notable Upgrade To Their Light S.A. (BVMF:LIGT3) Revenue Forecasts
May 14Is It Time To Consider Buying Light S.A. (BVMF:LIGT3)?
Apr 29Light (BVMF:LIGT3) Has No Shortage Of Debt
Apr 11Is Now The Time To Look At Buying Light S.A. (BVMF:LIGT3)?
Jan 26Light (BVMF:LIGT3) Takes On Some Risk With Its Use Of Debt
Jan 05Be Wary Of Light (BVMF:LIGT3) And Its Returns On Capital
Dec 03Is There Now An Opportunity In Light S.A. (BVMF:LIGT3)?
Oct 24Does Light (BVMF:LIGT3) Have A Healthy Balance Sheet?
Sep 15Investors Met With Slowing Returns on Capital At Light (BVMF:LIGT3)
Aug 25Should You Investigate Light S.A. (BVMF:LIGT3) At R$15.54?
Jul 19Here's Why Light (BVMF:LIGT3) Has A Meaningful Debt Burden
Jun 07Investors Met With Slowing Returns on Capital At Light (BVMF:LIGT3)
May 20Why Light S.A. (BVMF:LIGT3) Could Be Worth Watching
Apr 12Are Institutions Heavily Invested In Light S.A.'s (BVMF:LIGT3) Shares?
Mar 01What To Know Before Buying Light S.A. (BVMF:LIGT3) For Its Dividend
Jan 24
What Do The Returns On Capital At Light (BVMF:LIGT3) Tell Us?
Dec 28Light (BVMF:LIGT3) Use Of Debt Could Be Considered Risky
Dec 02Financial Position Analysis
Short Term Liabilities: LIGT3's short term assets (R$5.9B) do not cover its short term liabilities (R$15.0B).
Long Term Liabilities: LIGT3's short term assets (R$5.9B) do not cover its long term liabilities (R$6.6B).
Debt to Equity History and Analysis
Debt Level: LIGT3's net debt to equity ratio (357.1%) is considered high.
Reducing Debt: LIGT3's debt to equity ratio has increased from 269.4% to 460.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable LIGT3 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: LIGT3 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 11.2% per year.