Luceco Balance Sheet Health
Financial Health criteria checks 5/6
Luceco has a total shareholder equity of £84.8M and total debt of £40.1M, which brings its debt-to-equity ratio to 47.3%. Its total assets and total liabilities are £182.4M and £97.6M respectively. Luceco's EBIT is £18.4M making its interest coverage ratio 23. It has cash and short-term investments of £4.0M.
Key information
47.3%
Debt to equity ratio
UK£40.10m
Debt
| Interest coverage ratio | 23x |
| Cash | UK£4.00m |
| Equity | UK£84.80m |
| Total liabilities | UK£97.60m |
| Total assets | UK£182.40m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2LC's short term assets (£115.0M) exceed its short term liabilities (£49.8M).
Long Term Liabilities: 2LC's short term assets (£115.0M) exceed its long term liabilities (£47.8M).
Debt to Equity History and Analysis
Debt Level: 2LC's net debt to equity ratio (42.6%) is considered high.
Reducing Debt: 2LC's debt to equity ratio has reduced from 126.9% to 47.3% over the past 5 years.
Debt Coverage: 2LC's debt is well covered by operating cash flow (84.5%).
Interest Coverage: 2LC's interest payments on its debt are well covered by EBIT (23x coverage).