Lassila & Tikanoja Oyj Balance Sheet Health
Financial Health criteria checks 3/6
Lassila & Tikanoja Oyj has a total shareholder equity of €220.4M and total debt of €144.3M, which brings its debt-to-equity ratio to 65.5%. Its total assets and total liabilities are €660.5M and €440.1M respectively. Lassila & Tikanoja Oyj's EBIT is €38.6M making its interest coverage ratio 7.3. It has cash and short-term investments of €49.5M.
Key information
65.5%
Debt to equity ratio
€144.30m
Debt
Interest coverage ratio | 7.3x |
Cash | €49.50m |
Equity | €220.40m |
Total liabilities | €440.10m |
Total assets | €660.50m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LAT1VH's short term assets (€198.8M) do not cover its short term liabilities (€212.5M).
Long Term Liabilities: LAT1VH's short term assets (€198.8M) do not cover its long term liabilities (€227.6M).
Debt to Equity History and Analysis
Debt Level: LAT1VH's net debt to equity ratio (43%) is considered high.
Reducing Debt: LAT1VH's debt to equity ratio has reduced from 68.3% to 65.5% over the past 5 years.
Debt Coverage: LAT1VH's debt is well covered by operating cash flow (49.8%).
Interest Coverage: LAT1VH's interest payments on its debt are well covered by EBIT (7.3x coverage).