Heritage Global Balance Sheet Health
Financial Health criteria checks 5/6
Heritage Global has a total shareholder equity of $65.8M and total debt of $6.4M, which brings its debt-to-equity ratio to 9.7%. Its total assets and total liabilities are $90.0M and $24.2M respectively. Heritage Global's EBIT is $10.5M making its interest coverage ratio 29.7. It has cash and short-term investments of $24.6M.
Key information
9.7%
Debt to equity ratio
US$6.38m
Debt
| Interest coverage ratio | 29.7x |
| Cash | US$24.58m |
| Equity | US$65.81m |
| Total liabilities | US$24.19m |
| Total assets | US$90.00m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LGC's short term assets ($35.9M) exceed its short term liabilities ($18.0M).
Long Term Liabilities: LGC's short term assets ($35.9M) exceed its long term liabilities ($6.2M).
Debt to Equity History and Analysis
Debt Level: LGC has more cash than its total debt.
Reducing Debt: LGC's debt to equity ratio has increased from 6.4% to 9.7% over the past 5 years.
Debt Coverage: LGC's debt is well covered by operating cash flow (221%).
Interest Coverage: LGC's interest payments on its debt are well covered by EBIT (29.7x coverage).