LPL Financial Holdings Balance Sheet Health
Financial Health criteria checks 4/6
LPL Financial Holdings has a total shareholder equity of $2.3B and total debt of $3.9B, which brings its debt-to-equity ratio to 169.8%. Its total assets and total liabilities are $11.0B and $8.7B respectively. LPL Financial Holdings's EBIT is $1.7B making its interest coverage ratio 8.1. It has cash and short-term investments of $1.1B.
Key information
169.8%
Debt to equity ratio
US$3.85b
Debt
Interest coverage ratio | 8.1x |
Cash | US$1.12b |
Equity | US$2.27b |
Total liabilities | US$8.75b |
Total assets | US$11.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7LI's short term assets ($6.2B) exceed its short term liabilities ($892.5M).
Long Term Liabilities: 7LI's short term assets ($6.2B) do not cover its long term liabilities ($7.9B).
Debt to Equity History and Analysis
Debt Level: 7LI's net debt to equity ratio (120.3%) is considered high.
Reducing Debt: 7LI's debt to equity ratio has reduced from 234.6% to 169.8% over the past 5 years.
Debt Coverage: 7LI's debt is well covered by operating cash flow (29.7%).
Interest Coverage: 7LI's interest payments on its debt are well covered by EBIT (8.1x coverage).