Luceco Balance Sheet Health
Financial Health criteria checks 5/6
Luceco has a total shareholder equity of £90.5M and total debt of £43.6M, which brings its debt-to-equity ratio to 48.2%. Its total assets and total liabilities are £202.3M and £111.8M respectively. Luceco's EBIT is £26.4M making its interest coverage ratio 7.5. It has cash and short-term investments of £5.0M.
Key information
48.2%
Debt to equity ratio
UK£43.60m
Debt
| Interest coverage ratio | 7.5x |
| Cash | UK£5.00m |
| Equity | UK£90.50m |
| Total liabilities | UK£111.80m |
| Total assets | UK£202.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LUCEL's short term assets (£124.8M) exceed its short term liabilities (£57.2M).
Long Term Liabilities: LUCEL's short term assets (£124.8M) exceed its long term liabilities (£54.6M).
Debt to Equity History and Analysis
Debt Level: LUCEL's net debt to equity ratio (42.7%) is considered high.
Reducing Debt: LUCEL's debt to equity ratio has reduced from 92.3% to 48.2% over the past 5 years.
Debt Coverage: LUCEL's debt is well covered by operating cash flow (81.4%).
Interest Coverage: LUCEL's interest payments on its debt are well covered by EBIT (7.5x coverage).