Live Nation Entertainment Balance Sheet Health
Financial Health criteria checks 3/6
Live Nation Entertainment has a total shareholder equity of $1.6B and total debt of $6.2B, which brings its debt-to-equity ratio to 399.1%. Its total assets and total liabilities are $20.5B and $18.9B respectively. Live Nation Entertainment's EBIT is $1.3B making its interest coverage ratio 11.5. It has cash and short-term investments of $6.4B.
Key information
399.1%
Debt to equity ratio
US$6.22b
Debt
| Interest coverage ratio | 11.5x |
| Cash | US$6.40b |
| Equity | US$1.56b |
| Total liabilities | US$18.90b |
| Total assets | US$20.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3LN's short term assets ($10.7B) do not cover its short term liabilities ($11.6B).
Long Term Liabilities: 3LN's short term assets ($10.7B) exceed its long term liabilities ($7.3B).
Debt to Equity History and Analysis
Debt Level: 3LN has more cash than its total debt.
Reducing Debt: 3LN's debt to equity ratio has increased from 154.2% to 399.1% over the past 5 years.
Debt Coverage: 3LN's debt is not well covered by operating cash flow (18.1%).
Interest Coverage: 3LN's interest payments on its debt are well covered by EBIT (11.5x coverage).