Lassonde Industries Balance Sheet Health
Financial Health criteria checks 6/6
Lassonde Industries has a total shareholder equity of CA$1.1B and total debt of CA$164.6M, which brings its debt-to-equity ratio to 15.5%. Its total assets and total liabilities are CA$1.7B and CA$666.9M respectively. Lassonde Industries's EBIT is CA$152.4M making its interest coverage ratio 9.7. It has cash and short-term investments of CA$10.8M.
Key information
15.5%
Debt to equity ratio
CA$164.57m
Debt
| Interest coverage ratio | 9.7x |
| Cash | CA$10.77m |
| Equity | CA$1.06b |
| Total liabilities | CA$666.95m |
| Total assets | CA$1.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0OO's short term assets (CA$653.7M) exceed its short term liabilities (CA$366.7M).
Long Term Liabilities: 0OO's short term assets (CA$653.7M) exceed its long term liabilities (CA$300.3M).
Debt to Equity History and Analysis
Debt Level: 0OO's net debt to equity ratio (14.4%) is considered satisfactory.
Reducing Debt: 0OO's debt to equity ratio has reduced from 50.2% to 15.5% over the past 5 years.
Debt Coverage: 0OO's debt is well covered by operating cash flow (136.4%).
Interest Coverage: 0OO's interest payments on its debt are well covered by EBIT (9.7x coverage).