Lassonde Industries Balance Sheet Health
Financial Health criteria checks 6/6
Lassonde Industries has a total shareholder equity of CA$1.0B and total debt of CA$174.9M, which brings its debt-to-equity ratio to 16.9%. Its total assets and total liabilities are CA$1.7B and CA$688.5M respectively. Lassonde Industries's EBIT is CA$143.7M making its interest coverage ratio 9.1. It has cash and short-term investments of CA$1.6M.
Key information
16.9%
Debt to equity ratio
CA$174.94m
Debt
Interest coverage ratio | 9.1x |
Cash | CA$1.56m |
Equity | CA$1.03b |
Total liabilities | CA$688.50m |
Total assets | CA$1.72b |
Recent financial health updates
Lassonde Industries (TSE:LAS.A) Has A Pretty Healthy Balance Sheet
Jul 17We 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
Lassonde 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 18Would 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$662.6M) exceed its short term liabilities (CA$385.7M).
Long Term Liabilities: LAS.A's short term assets (CA$662.6M) exceed its long term liabilities (CA$302.8M).
Debt to Equity History and Analysis
Debt Level: LAS.A's net debt to equity ratio (16.8%) is considered satisfactory.
Reducing Debt: LAS.A's debt to equity ratio has reduced from 48.3% to 16.9% over the past 5 years.
Debt Coverage: LAS.A's debt is well covered by operating cash flow (137.8%).
Interest Coverage: LAS.A's interest payments on its debt are well covered by EBIT (9.1x coverage).