Lindblad Expeditions Holdings Balance Sheet Health
Financial Health criteria checks 2/6
Lindblad Expeditions Holdings has a total shareholder equity of $-155.5M and total debt of $623.6M, which brings its debt-to-equity ratio to -401.2%. Its total assets and total liabilities are $858.3M and $1.0B respectively. Lindblad Expeditions Holdings's EBIT is $6.3M making its interest coverage ratio 0.1. It has cash and short-term investments of $168.1M.
Key information
-401.2%
Debt to equity ratio
US$623.63m
Debt
| Interest coverage ratio | 0.1x |
| Cash | US$168.12m |
| Equity | -US$155.45m |
| Total liabilities | US$1.01b |
| Total assets | US$858.34m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LI4 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: LI4 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: LI4 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: LI4's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable LI4 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: LI4 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 13.8% per year.