LGI Homes Balance Sheet Health
Financial Health criteria checks 3/6
LGI Homes has a total shareholder equity of $1.9B and total debt of $1.2B, which brings its debt-to-equity ratio to 67.3%. Its total assets and total liabilities are $3.4B and $1.6B respectively.
Key information
67.3%
Debt to equity ratio
US$1.25b
Debt
Interest coverage ratio | n/a |
Cash | US$48.98m |
Equity | US$1.86b |
Total liabilities | US$1.55b |
Total assets | US$3.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LG1's short term assets ($3.2B) exceed its short term liabilities ($97.5M).
Long Term Liabilities: LG1's short term assets ($3.2B) exceed its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: LG1's net debt to equity ratio (64.6%) is considered high.
Reducing Debt: LG1's debt to equity ratio has reduced from 99.7% to 67.3% over the past 5 years.
Debt Coverage: LG1's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if LG1's interest payments on its debt are well covered by EBIT.