Luceco Balance Sheet Health
Financial Health criteria checks 6/6
Luceco has a total shareholder equity of £93.8M and total debt of £22.6M, which brings its debt-to-equity ratio to 24.1%. Its total assets and total liabilities are £176.8M and £83.0M respectively. Luceco's EBIT is £22.2M making its interest coverage ratio 6.7. It has cash and short-term investments of £4.9M.
Key information
24.1%
Debt to equity ratio
UK£22.60m
Debt
| Interest coverage ratio | 6.7x |
| Cash | UK£4.90m |
| Equity | UK£93.80m |
| Total liabilities | UK£83.00m |
| Total assets | UK£176.80m |
Recent financial health updates
Is Luceco (LON:LUCE) A Risky Investment?
Sep 11
Does Luceco (LON:LUCE) Have A Healthy Balance Sheet?
Sep 13Is Luceco (LON:LUCE) Using Too Much Debt?
Apr 07Recent updates
Should You Investigate Luceco plc (LON:LUCE) At UK£1.56?
Jan 27Here's What's Concerning About Luceco's (LON:LUCE) Returns On Capital
Jul 20A Look At The Intrinsic Value Of Luceco plc (LON:LUCE)
Mar 16Be Wary Of Luceco (LON:LUCE) And Its Returns On Capital
Jan 20Are Investors Undervaluing Luceco plc (LON:LUCE) By 23%?
Oct 27Is Luceco (LON:LUCE) A Risky Investment?
Sep 11Luceco (LON:LUCE) Knows How To Allocate Capital
Aug 26Why Luceco plc (LON:LUCE) Could Be Worth Watching
Jul 21Luceco (LON:LUCE) Looks To Prolong Its Impressive Returns
May 26Is Now An Opportune Moment To Examine Luceco plc (LON:LUCE)?
Mar 24Is Now The Time To Put Luceco (LON:LUCE) On Your Watchlist?
Mar 05Is There An Opportunity With Luceco plc's (LON:LUCE) 43% Undervaluation?
Jan 09Luceco (LON:LUCE) Is Aiming To Keep Up Its Impressive Returns
Nov 21At UK£3.95, Is It Time To Put Luceco plc (LON:LUCE) On Your Watch List?
Nov 08Here's Why I Think Luceco (LON:LUCE) Might Deserve Your Attention Today
Oct 28Luceco's (LON:LUCE) Promising Earnings May Rest On Soft Foundations
Sep 15Does Luceco (LON:LUCE) Have A Healthy Balance Sheet?
Sep 13A Look At The Fair Value Of Luceco plc (LON:LUCE)
Sep 01Be Wary Of Luceco (LON:LUCE) And Its Returns On Capital
Aug 19Is Now The Time To Look At Buying Luceco plc (LON:LUCE)?
Jul 01Here's Why I Think Luceco (LON:LUCE) Might Deserve Your Attention Today
May 28A Look At The Intrinsic Value Of Luceco plc (LON:LUCE)
May 16Some Investors May Be Worried About Luceco's (LON:LUCE) Returns On Capital
May 04Is Luceco (LON:LUCE) Using Too Much Debt?
Apr 07At UK£2.71, Is Luceco plc (LON:LUCE) Worth Looking At Closely?
Mar 24Is Luceco plc's (LON:LUCE) Shareholder Ownership Skewed Towards Insiders?
Mar 08Have Luceco plc (LON:LUCE) Insiders Been Selling Their Stock?
Feb 21With EPS Growth And More, Luceco (LON:LUCE) Is Interesting
Feb 08Luceco plc (LON:LUCE) Shares Could Be 28% Above Their Intrinsic Value Estimate
Jan 22Is Luceco plc's (LON:LUCE) Latest Stock Performance A Reflection Of Its Financial Health?
Jan 04Financial Position Analysis
Short Term Liabilities: LUCE's short term assets (£103.9M) exceed its short term liabilities (£51.4M).
Long Term Liabilities: LUCE's short term assets (£103.9M) exceed its long term liabilities (£31.6M).
Debt to Equity History and Analysis
Debt Level: LUCE's net debt to equity ratio (18.9%) is considered satisfactory.
Reducing Debt: LUCE's debt to equity ratio has reduced from 86.9% to 24.1% over the past 5 years.
Debt Coverage: LUCE's debt is well covered by operating cash flow (128.3%).
Interest Coverage: LUCE's interest payments on its debt are well covered by EBIT (6.7x coverage).