Legacy Housing Balance Sheet Health
Financial Health criteria checks 5/6
Legacy Housing has a total shareholder equity of $450.4M and total debt of $11.8M, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are $510.0M and $59.6M respectively. Legacy Housing's EBIT is $63.0M making its interest coverage ratio -25.1. It has cash and short-term investments of $621.0K.
Key information
2.6%
Debt to equity ratio
US$11.80m
Debt
Interest coverage ratio | -25.1x |
Cash | US$621.00k |
Equity | US$450.36m |
Total liabilities | US$59.61m |
Total assets | US$509.97m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 519's short term assets ($146.3M) exceed its short term liabilities ($38.9M).
Long Term Liabilities: 519's short term assets ($146.3M) exceed its long term liabilities ($20.7M).
Debt to Equity History and Analysis
Debt Level: 519's net debt to equity ratio (2.5%) is considered satisfactory.
Reducing Debt: 519's debt to equity ratio has reduced from 5.2% to 2.6% over the past 5 years.
Debt Coverage: 519's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 519 earns more interest than it pays, so coverage of interest payments is not a concern.