Lucara Diamond Balance Sheet Health
Financial Health criteria checks 2/6
Lucara Diamond has a total shareholder equity of $240.4M and total debt of $205.0M, which brings its debt-to-equity ratio to 85.3%. Its total assets and total liabilities are $633.8M and $393.4M respectively. Lucara Diamond's EBIT is $36.2M making its interest coverage ratio 9.5. It has cash and short-term investments of $21.9M.
Key information
85.3%
Debt to equity ratio
US$205.00m
Debt
| Interest coverage ratio | 9.5x |
| Cash | US$21.93m |
| Equity | US$240.41m |
| Total liabilities | US$393.36m |
| Total assets | US$633.77m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LUC-EQO's short term assets ($102.4M) exceed its short term liabilities ($74.7M).
Long Term Liabilities: LUC-EQO's short term assets ($102.4M) do not cover its long term liabilities ($318.7M).
Debt to Equity History and Analysis
Debt Level: LUC-EQO's net debt to equity ratio (76.2%) is considered high.
Reducing Debt: LUC-EQO's debt to equity ratio has increased from 2.1% to 85.3% over the past 5 years.
Debt Coverage: LUC-EQO's debt is not well covered by operating cash flow (15.7%).
Interest Coverage: LUC-EQO's interest payments on its debt are well covered by EBIT (9.5x coverage).