Loungers Balance Sheet Health
Financial Health criteria checks 3/6
Loungers has a total shareholder equity of £148.2M and total debt of £19.7M, which brings its debt-to-equity ratio to 13.3%. Its total assets and total liabilities are £380.4M and £232.2M respectively. Loungers's EBIT is £16.5M making its interest coverage ratio 2.1. It has cash and short-term investments of £5.7M.
Key information
13.3%
Debt to equity ratio
UK£19.71m
Debt
Interest coverage ratio | 2.1x |
Cash | UK£5.74m |
Equity | UK£148.16m |
Total liabilities | UK£232.25m |
Total assets | UK£380.40m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LP0's short term assets (£15.2M) do not cover its short term liabilities (£81.4M).
Long Term Liabilities: LP0's short term assets (£15.2M) do not cover its long term liabilities (£150.8M).
Debt to Equity History and Analysis
Debt Level: LP0's net debt to equity ratio (9.4%) is considered satisfactory.
Reducing Debt: LP0 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: LP0's debt is well covered by operating cash flow (303.9%).
Interest Coverage: LP0's interest payments on its debt are not well covered by EBIT (2.1x coverage).