Lakeland Industries Balance Sheet Health
Financial Health criteria checks 6/6
Lakeland Industries has a total shareholder equity of $123.5M and total debt of $1.0M, which brings its debt-to-equity ratio to 0.8%. Its total assets and total liabilities are $153.7M and $30.3M respectively. Lakeland Industries's EBIT is $5.3M making its interest coverage ratio 101. It has cash and short-term investments of $25.2M.
Key information
0.8%
Debt to equity ratio
US$1.03m
Debt
Interest coverage ratio | 101x |
Cash | US$25.22m |
Equity | US$123.45m |
Total liabilities | US$30.30m |
Total assets | US$153.75m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LLI's short term assets ($101.5M) exceed its short term liabilities ($18.3M).
Long Term Liabilities: LLI's short term assets ($101.5M) exceed its long term liabilities ($11.9M).
Debt to Equity History and Analysis
Debt Level: LLI has more cash than its total debt.
Reducing Debt: LLI's debt to equity ratio has reduced from 1.6% to 0.8% over the past 5 years.
Debt Coverage: LLI's debt is well covered by operating cash flow (1060.4%).
Interest Coverage: LLI's interest payments on its debt are well covered by EBIT (101x coverage).