Landstar System Balance Sheet Health
Financial Health criteria checks 6/6
Landstar System has a total shareholder equity of $1.0B and total debt of $50.7M, which brings its debt-to-equity ratio to 5%. Its total assets and total liabilities are $1.8B and $741.3M respectively. Landstar System's EBIT is $263.8M making its interest coverage ratio -41.7. It has cash and short-term investments of $531.3M.
Key information
5.0%
Debt to equity ratio
US$50.75m
Debt
| Interest coverage ratio | -41.7x |
| Cash | US$531.28m |
| Equity | US$1.02b |
| Total liabilities | US$741.34m |
| Total assets | US$1.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LDS's short term assets ($1.3B) exceed its short term liabilities ($592.7M).
Long Term Liabilities: LDS's short term assets ($1.3B) exceed its long term liabilities ($148.7M).
Debt to Equity History and Analysis
Debt Level: LDS has more cash than its total debt.
Reducing Debt: LDS's debt to equity ratio has reduced from 5.9% to 5% over the past 5 years.
Debt Coverage: LDS's debt is well covered by operating cash flow (621.3%).
Interest Coverage: LDS earns more interest than it pays, so coverage of interest payments is not a concern.