Lakeland Industries Balance Sheet Health
Financial Health criteria checks 4/6
Lakeland Industries has a total shareholder equity of $124.7M and total debt of $29.5M, which brings its debt-to-equity ratio to 23.6%. Its total assets and total liabilities are $198.4M and $73.7M respectively. Lakeland Industries's EBIT is $2.4M making its interest coverage ratio 4. It has cash and short-term investments of $24.9M.
Key information
23.6%
Debt to equity ratio
US$29.48m
Debt
| Interest coverage ratio | 4x |
| Cash | US$24.88m |
| Equity | US$124.72m |
| Total liabilities | US$73.71m |
| Total assets | US$198.42m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LLI's short term assets ($128.5M) exceed its short term liabilities ($30.3M).
Long Term Liabilities: LLI's short term assets ($128.5M) exceed its long term liabilities ($43.4M).
Debt to Equity History and Analysis
Debt Level: LLI's net debt to equity ratio (3.7%) is considered satisfactory.
Reducing Debt: LLI's debt to equity ratio has increased from 2.5% to 23.6% over the past 5 years.
Debt Coverage: LLI's debt is not well covered by operating cash flow (10%).
Interest Coverage: LLI's interest payments on its debt are well covered by EBIT (4x coverage).