Lassonde Industries Balance Sheet Health
Financial Health criteria checks 6/6
Lassonde Industries has a total shareholder equity of CA$1.1B and total debt of CA$417.7M, which brings its debt-to-equity ratio to 38.3%. Its total assets and total liabilities are CA$2.1B and CA$1.0B respectively. Lassonde Industries's EBIT is CA$172.1M making its interest coverage ratio 9.3. It has cash and short-term investments of CA$9.2M.
Key information
38.3%
Debt to equity ratio
CA$417.69m
Debt
| Interest coverage ratio | 9.3x |
| Cash | CA$9.17m |
| Equity | CA$1.09b |
| Total liabilities | CA$1.01b |
| Total assets | CA$2.10b |
Recent financial health updates
Lassonde Industries (TSE:LAS.A) Has A Pretty Healthy Balance Sheet
Jul 17
We Think Lassonde Industries (TSE:LAS.A) Can Stay On Top Of Its Debt
Feb 02We Think Lassonde Industries (TSE:LAS.A) Can Stay On Top Of Its Debt
Oct 31Does Lassonde Industries (TSE:LAS.A) Have A Healthy Balance Sheet?
Apr 14Here's Why Lassonde Industries (TSE:LAS.A) Can Manage Its Debt Responsibly
Jan 04Recent updates
Here's Why Lassonde Industries (TSE:LAS.A) Has Caught The Eye Of Investors
Nov 10Lassonde Industries (TSE:LAS.A) Has A Pretty Healthy Balance Sheet
Jul 17There's No Escaping Lassonde Industries Inc.'s (TSE:LAS.A) Muted Earnings
May 12We Think Lassonde Industries (TSE:LAS.A) Can Stay On Top Of Its Debt
Feb 02We Think Lassonde Industries (TSE:LAS.A) Can Stay On Top Of Its Debt
Oct 31Capital Allocation Trends At Lassonde Industries (TSE:LAS.A) Aren't Ideal
Aug 14Lassonde Industries (TSE:LAS.A) Has Announced That Its Dividend Will Be Reduced To CA$0.70
May 19Is Lassonde Industries Inc. (TSE:LAS.A) A Smart Choice For Dividend Investors?
May 03Does Lassonde Industries (TSE:LAS.A) Have A Healthy Balance Sheet?
Apr 14What Type Of Shareholders Make Up Lassonde Industries Inc.'s (TSE:LAS.A) Share Registry?
Mar 21With EPS Growth And More, Lassonde Industries (TSE:LAS.A) Is Interesting
Mar 05Be Sure To Check Out Lassonde Industries Inc. (TSE:LAS.A) Before It Goes Ex-Dividend
Feb 18
Would Shareholders Who Purchased Lassonde Industries' (TSE:LAS.A) Stock Three Years Be Happy With The Share price Today?
Feb 15Lassonde Industries Inc.'s (TSE:LAS.A) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Feb 01Lassonde Industries's (TSE:LAS.A) Earnings Are Growing But Is There More To The Story?
Jan 18Here's Why Lassonde Industries (TSE:LAS.A) Can Manage Its Debt Responsibly
Jan 04Is Lassonde Industries Inc. (TSE:LAS.A) An Attractive Dividend Stock?
Dec 21What Kind Of Shareholders Hold The Majority In Lassonde Industries Inc.'s (TSE:LAS.A) Shares?
Dec 07Financial Position Analysis
Short Term Liabilities: LAS.A's short term assets (CA$690.9M) exceed its short term liabilities (CA$407.9M).
Long Term Liabilities: LAS.A's short term assets (CA$690.9M) exceed its long term liabilities (CA$598.1M).
Debt to Equity History and Analysis
Debt Level: LAS.A's net debt to equity ratio (37.5%) is considered satisfactory.
Reducing Debt: LAS.A's debt to equity ratio has reduced from 47.8% to 38.3% over the past 5 years.
Debt Coverage: LAS.A's debt is well covered by operating cash flow (56.5%).
Interest Coverage: LAS.A's interest payments on its debt are well covered by EBIT (9.3x coverage).