Light & Wonder Balance Sheet Health
Financial Health criteria checks 2/6
Light & Wonder has a total shareholder equity of $765.0M and total debt of $3.9B, which brings its debt-to-equity ratio to 506.4%. Its total assets and total liabilities are $5.6B and $4.8B respectively. Light & Wonder's EBIT is $644.0M making its interest coverage ratio 2.3. It has cash and short-term investments of $425.0M.
Key information
506.4%
Debt to equity ratio
US$3.87b
Debt
Interest coverage ratio | 2.3x |
Cash | US$425.00m |
Equity | US$765.00m |
Total liabilities | US$4.79b |
Total assets | US$5.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TJW's short term assets ($1.3B) exceed its short term liabilities ($696.0M).
Long Term Liabilities: TJW's short term assets ($1.3B) do not cover its long term liabilities ($4.1B).
Debt to Equity History and Analysis
Debt Level: TJW's net debt to equity ratio (450.8%) is considered high.
Reducing Debt: TJW had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: TJW's debt is not well covered by operating cash flow (15.2%).
Interest Coverage: TJW's interest payments on its debt are not well covered by EBIT (2.3x coverage).