Lamar Advertising Balance Sheet Health
Financial Health criteria checks 2/6
Lamar Advertising has a total shareholder equity of $1.2B and total debt of $3.3B, which brings its debt-to-equity ratio to 274.6%. Its total assets and total liabilities are $6.6B and $5.3B respectively. Lamar Advertising's EBIT is $673.7M making its interest coverage ratio 3.9. It has cash and short-term investments of $44.6M.
Key information
274.6%
Debt to equity ratio
US$3.34b
Debt
Interest coverage ratio | 3.9x |
Cash | US$44.61m |
Equity | US$1.22b |
Total liabilities | US$5.35b |
Total assets | US$6.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6LA's short term assets ($373.2M) do not cover its short term liabilities ($713.9M).
Long Term Liabilities: 6LA's short term assets ($373.2M) do not cover its long term liabilities ($4.6B).
Debt to Equity History and Analysis
Debt Level: 6LA's net debt to equity ratio (270.9%) is considered high.
Reducing Debt: 6LA's debt to equity ratio has increased from 255.2% to 274.6% over the past 5 years.
Debt Coverage: 6LA's debt is well covered by operating cash flow (23.5%).
Interest Coverage: 6LA's interest payments on its debt are well covered by EBIT (3.9x coverage).