Legacy Housing Balance Sheet Health
Financial Health criteria checks 6/6
Legacy Housing has a total shareholder equity of $479.3M and total debt of $2.1M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are $521.4M and $42.1M respectively. Legacy Housing's EBIT is $57.8M making its interest coverage ratio -26.9. It has cash and short-term investments of $570.0K.
Key information
0.4%
Debt to equity ratio
US$2.11m
Debt
| Interest coverage ratio | -26.9x |
| Cash | US$570.00k |
| Equity | US$479.27m |
| Total liabilities | US$42.13m |
| Total assets | US$521.41m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 519's short term assets ($112.5M) exceed its short term liabilities ($32.4M).
Long Term Liabilities: 519's short term assets ($112.5M) exceed its long term liabilities ($9.8M).
Debt to Equity History and Analysis
Debt Level: 519's net debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: 519's debt to equity ratio has reduced from 7.6% to 0.4% over the past 5 years.
Debt Coverage: 519's debt is well covered by operating cash flow (940.2%).
Interest Coverage: 519 earns more interest than it pays, so coverage of interest payments is not a concern.