Light Balance Sheet Health
Financial Health criteria checks 2/6
Light has a total shareholder equity of R$3.1B and total debt of R$11.3B, which brings its debt-to-equity ratio to 366.3%. Its total assets and total liabilities are R$23.7B and R$20.6B respectively. Light's EBIT is R$1.8B making its interest coverage ratio 3.1. It has cash and short-term investments of R$2.1B.
Key information
366.3%
Debt to equity ratio
R$11.34b
Debt
Interest coverage ratio | 3.1x |
Cash | R$2.10b |
Equity | R$3.10b |
Total liabilities | R$20.62b |
Total assets | R$23.72b |
Recent financial health updates
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 07Light (BVMF:LIGT3) Use Of Debt Could Be Considered Risky
Dec 02Recent updates
Light'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 24What Do The Returns On Capital At Light (BVMF:LIGT3) Tell Us?
Dec 28Light (BVMF:LIGT3) Use Of Debt Could Be Considered Risky
Dec 02Should You Use Light's (BVMF:LIGT3) Statutory Earnings To Analyse It?
Sep 28Improved Earnings Required Before Light S.A. (BVMF:LIGT3) Shares Find Their Feet
Sep 15Light (BVMF:LIGT3) Seems To Be Using A Lot Of Debt
Sep 02What Does Light S.A.'s (BVMF:LIGT3) Share Price Indicate?
Aug 20Should We Be Excited About The Trends Of Returns At Light (BVMF:LIGT3)?
Aug 04Update: Light (BVMF:LIGT3) Stock Gained 43% In The Last Five Years
Jul 23Financial Position Analysis
Short Term Liabilities: LIGT3's short term assets (R$5.3B) do not cover its short term liabilities (R$15.5B).
Long Term Liabilities: LIGT3's short term assets (R$5.3B) exceed its long term liabilities (R$5.1B).
Debt to Equity History and Analysis
Debt Level: LIGT3's net debt to equity ratio (298.5%) is considered high.
Reducing Debt: LIGT3's debt to equity ratio has increased from 299.2% to 366.3% over the past 5 years.
Debt Coverage: LIGT3's debt is not well covered by operating cash flow (12.3%).
Interest Coverage: LIGT3's interest payments on its debt are well covered by EBIT (3.1x coverage).