Lucara Diamond Balance Sheet Health
Financial Health criteria checks 2/6
Lucara Diamond has a total shareholder equity of $242.1M and total debt of $136.5M, which brings its debt-to-equity ratio to 56.4%. Its total assets and total liabilities are $575.8M and $333.7M respectively. Lucara Diamond's EBIT is $36.1M making its interest coverage ratio 8. It has cash and short-term investments of $13.3M.
Key information
56.4%
Debt to equity ratio
US$136.52m
Debt
| Interest coverage ratio | 8x |
| Cash | US$13.34m |
| Equity | US$242.13m |
| Total liabilities | US$333.67m |
| Total assets | US$575.80m |
Recent financial health updates
Lucara Diamond (TSE:LUC) Seems To Be Using A Lot Of Debt
Dec 08
Is Lucara Diamond (TSE:LUC) A Risky Investment?
Apr 29Lucara Diamond (TSE:LUC) Has A Pretty Healthy Balance Sheet
Jan 10Here's Why Lucara Diamond (TSE:LUC) Has A Meaningful Debt Burden
Nov 07Is Lucara Diamond (TSE:LUC) A Risky Investment?
May 04Lucara Diamond (TSE:LUC) Is Making Moderate Use Of Debt
Dec 11
Recent updates
Lucara Diamond (TSE:LUC) Hasn't Managed To Accelerate Its Returns
Feb 01Lucara Diamond (TSE:LUC) Seems To Be Using A Lot Of Debt
Dec 08Lucara Diamond's (TSE:LUC) Returns On Capital Not Reflecting Well On The Business
Aug 16Is Lucara Diamond (TSE:LUC) A Risky Investment?
Apr 29Lucara Diamond (TSE:LUC) Has A Pretty Healthy Balance Sheet
Jan 10A Look At The Fair Value Of Lucara Diamond Corp. (TSE:LUC)
Apr 23Here's Why Lucara Diamond (TSE:LUC) Has A Meaningful Debt Burden
Nov 07Is Lucara Diamond (TSE:LUC) A Risky Investment?
May 04Would Shareholders Who Purchased Lucara Diamond's (TSE:LUC) Stock Five Years Be Happy With The Share price Today?
Mar 08Calculating The Fair Value Of Lucara Diamond Corp. (TSE:LUC)
Jan 15Lucara Diamond (TSE:LUC) Is Making Moderate Use Of Debt
Dec 11Financial Position Analysis
Short Term Liabilities: LUC's short term assets ($85.9M) do not cover its short term liabilities ($102.5M).
Long Term Liabilities: LUC's short term assets ($85.9M) do not cover its long term liabilities ($231.2M).
Debt to Equity History and Analysis
Debt Level: LUC's net debt to equity ratio (50.9%) is considered high.
Reducing Debt: LUC's debt to equity ratio has increased from 4.2% to 56.4% over the past 5 years.
Debt Coverage: LUC's debt is well covered by operating cash flow (46.4%).
Interest Coverage: LUC's interest payments on its debt are well covered by EBIT (8x coverage).