Lumine Group Balance Sheet Health
Financial Health criteria checks 5/6
Lumine Group has a total shareholder equity of $659.6M and total debt of $288.7M, which brings its debt-to-equity ratio to 43.8%. Its total assets and total liabilities are $1.3B and $618.6M respectively. Lumine Group's EBIT is $75.4M making its interest coverage ratio 4.3. It has cash and short-term investments of $180.4M.
Key information
43.8%
Debt to equity ratio
US$288.71m
Debt
| Interest coverage ratio | 4.3x |
| Cash | US$180.36m |
| Equity | US$659.60m |
| Total liabilities | US$618.64m |
| Total assets | US$1.28b |
Recent financial health updates
Lumine Group (CVE:LMN) Seems To Use Debt Rather Sparingly
Oct 16
Lumine Group (CVE:LMN) Could Easily Take On More Debt
Jun 26Recent updates
Lumine Group (CVE:LMN) Seems To Use Debt Rather Sparingly
Oct 16Estimating The Intrinsic Value Of Lumine Group Inc. (CVE:LMN)
Aug 02Lumine Group (CVE:LMN) Could Easily Take On More Debt
Jun 26Getting In Cheap On Lumine Group Inc. (CVE:LMN) Might Be Difficult
Apr 09Lumine Group Inc. (CVE:LMN) Soars 40% But It's A Story Of Risk Vs Reward
Nov 24Financial Position Analysis
Short Term Liabilities: LMN's short term assets ($413.9M) exceed its short term liabilities ($210.8M).
Long Term Liabilities: LMN's short term assets ($413.9M) exceed its long term liabilities ($407.8M).
Debt to Equity History and Analysis
Debt Level: LMN's net debt to equity ratio (16.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if LMN's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable LMN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: LMN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 20.2% per year.