Luceco Balance Sheet Health
Financial Health criteria checks 6/6
Luceco has a total shareholder equity of £93.8M and total debt of £22.6M, which brings its debt-to-equity ratio to 24.1%. Its total assets and total liabilities are £176.8M and £83.0M respectively. Luceco's EBIT is £22.2M making its interest coverage ratio 6.7. It has cash and short-term investments of £4.9M.
Key information
24.1%
Debt to equity ratio
UK£22.60m
Debt
Interest coverage ratio | 6.7x |
Cash | UK£4.90m |
Equity | UK£93.80m |
Total liabilities | UK£83.00m |
Total assets | UK£176.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2LC's short term assets (£103.9M) exceed its short term liabilities (£51.4M).
Long Term Liabilities: 2LC's short term assets (£103.9M) exceed its long term liabilities (£31.6M).
Debt to Equity History and Analysis
Debt Level: 2LC's net debt to equity ratio (18.9%) is considered satisfactory.
Reducing Debt: 2LC's debt to equity ratio has reduced from 86.9% to 24.1% over the past 5 years.
Debt Coverage: 2LC's debt is well covered by operating cash flow (128.3%).
Interest Coverage: 2LC's interest payments on its debt are well covered by EBIT (6.7x coverage).