Linamar Balance Sheet Health
Financial Health criteria checks 6/6
Linamar has a total shareholder equity of CA$5.6B and total debt of CA$2.4B, which brings its debt-to-equity ratio to 42.6%. Its total assets and total liabilities are CA$11.2B and CA$5.6B respectively. Linamar's EBIT is CA$910.7M making its interest coverage ratio 11. It has cash and short-term investments of CA$759.9M.
Key information
42.6%
Debt to equity ratio
CA$2.39b
Debt
| Interest coverage ratio | 11x |
| Cash | CA$759.88m |
| Equity | CA$5.60b |
| Total liabilities | CA$5.61b |
| Total assets | CA$11.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LNR's short term assets (CA$4.8B) exceed its short term liabilities (CA$2.8B).
Long Term Liabilities: LNR's short term assets (CA$4.8B) exceed its long term liabilities (CA$2.8B).
Debt to Equity History and Analysis
Debt Level: LNR's net debt to equity ratio (29.1%) is considered satisfactory.
Reducing Debt: LNR's debt to equity ratio has reduced from 60.6% to 42.6% over the past 5 years.
Debt Coverage: LNR's debt is well covered by operating cash flow (30.9%).
Interest Coverage: LNR's interest payments on its debt are well covered by EBIT (11x coverage).