Life & Banc Split Balance Sheet Health
Financial Health criteria checks 5/6
Life & Banc Split has a total shareholder equity of CA$309.7M and total debt of CA$408.2M, which brings its debt-to-equity ratio to 131.8%. Its total assets and total liabilities are CA$730.3M and CA$420.6M respectively. Life & Banc Split's EBIT is CA$87.4M making its interest coverage ratio 4. It has cash and short-term investments of CA$728.4M.
Key information
131.8%
Debt to equity ratio
CA$408.20m
Debt
Interest coverage ratio | 4x |
Cash | CA$728.42m |
Equity | CA$309.70m |
Total liabilities | CA$420.58m |
Total assets | CA$730.28m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LBS's short term assets (CA$730.3M) exceed its short term liabilities (CA$420.6M).
Long Term Liabilities: LBS has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: LBS has more cash than its total debt.
Reducing Debt: LBS's debt to equity ratio has reduced from 169.1% to 131.8% over the past 5 years.
Debt Coverage: LBS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: LBS's interest payments on its debt are well covered by EBIT (4x coverage).