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 $51.7M, which brings its debt-to-equity ratio to 5.1%. Its total assets and total liabilities are $1.7B and $727.9M respectively. Landstar System's EBIT is $298.3M making its interest coverage ratio -61.7. It has cash and short-term investments of $530.5M.
Key information
5.1%
Debt to equity ratio
US$51.67m
Debt
Interest coverage ratio | -61.7x |
Cash | US$530.45m |
Equity | US$1.02b |
Total liabilities | US$727.93m |
Total assets | US$1.75b |
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 ($589.7M).
Long Term Liabilities: LDS's short term assets ($1.3B) exceed its long term liabilities ($138.3M).
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 5.7% to 5.1% over the past 5 years.
Debt Coverage: LDS's debt is well covered by operating cash flow (761.8%).
Interest Coverage: LDS earns more interest than it pays, so coverage of interest payments is not a concern.