LU-VE Balance Sheet Health
Financial Health criteria checks 2/6
LU-VE has a total shareholder equity of €215.8M and total debt of €430.8M, which brings its debt-to-equity ratio to 199.6%. Its total assets and total liabilities are €845.6M and €629.8M respectively. LU-VE's EBIT is €42.0M making its interest coverage ratio 2.8. It has cash and short-term investments of €291.2M.
Key information
199.6%
Debt to equity ratio
€430.80m
Debt
| Interest coverage ratio | 2.8x |
| Cash | €291.16m |
| Equity | €215.83m |
| Total liabilities | €629.79m |
| Total assets | €845.63m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LUVEM's short term assets (€545.8M) exceed its short term liabilities (€272.9M).
Long Term Liabilities: LUVEM's short term assets (€545.8M) exceed its long term liabilities (€356.9M).
Debt to Equity History and Analysis
Debt Level: LUVEM's net debt to equity ratio (64.7%) is considered high.
Reducing Debt: LUVEM's debt to equity ratio has increased from 114.8% to 199.6% over the past 5 years.
Debt Coverage: LUVEM's debt is not well covered by operating cash flow (14%).
Interest Coverage: LUVEM's interest payments on its debt are not well covered by EBIT (2.8x coverage).