Lear Balance Sheet Health
Financial Health criteria checks 5/6
Lear has a total shareholder equity of $5.1B and total debt of $2.8B, which brings its debt-to-equity ratio to 54.7%. Its total assets and total liabilities are $14.7B and $9.6B respectively. Lear's EBIT is $1.1B making its interest coverage ratio 10.4. It has cash and short-term investments of $1.2B.
Key information
54.7%
Debt to equity ratio
US$2.77b
Debt
Interest coverage ratio | 10.4x |
Cash | US$1.20b |
Equity | US$5.06b |
Total liabilities | US$9.63b |
Total assets | US$14.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LE6N's short term assets ($7.6B) exceed its short term liabilities ($5.7B).
Long Term Liabilities: LE6N's short term assets ($7.6B) exceed its long term liabilities ($4.0B).
Debt to Equity History and Analysis
Debt Level: LE6N's net debt to equity ratio (31%) is considered satisfactory.
Reducing Debt: LE6N's debt to equity ratio has increased from 43.3% to 54.7% over the past 5 years.
Debt Coverage: LE6N's debt is well covered by operating cash flow (45.1%).
Interest Coverage: LE6N's interest payments on its debt are well covered by EBIT (10.4x coverage).