Luceco Balance Sheet Health
Financial Health criteria checks 5/6
Luceco has a total shareholder equity of £90.5M and total debt of £43.6M, which brings its debt-to-equity ratio to 48.2%. Its total assets and total liabilities are £202.3M and £111.8M respectively. Luceco's EBIT is £26.4M making its interest coverage ratio 7.5. It has cash and short-term investments of £5.0M.
Key information
48.2%
Debt to equity ratio
UK£43.60m
Debt
| Interest coverage ratio | 7.5x |
| Cash | UK£5.00m |
| Equity | UK£90.50m |
| Total liabilities | UK£111.80m |
| Total assets | UK£202.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2LC's short term assets (£124.8M) exceed its short term liabilities (£57.2M).
Long Term Liabilities: 2LC's short term assets (£124.8M) exceed its long term liabilities (£54.6M).
Debt to Equity History and Analysis
Debt Level: 2LC's net debt to equity ratio (42.7%) is considered high.
Reducing Debt: 2LC's debt to equity ratio has reduced from 92.3% to 48.2% over the past 5 years.
Debt Coverage: 2LC's debt is well covered by operating cash flow (81.4%).
Interest Coverage: 2LC's interest payments on its debt are well covered by EBIT (7.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/29 07:20 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Luceco plc is covered by 7 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Robert Chantry | Berenberg |
| Max Campbell | Longspur Clean Energy |
| Kevin Fogarty | Numis Securities Ltd. |