Loungers Balance Sheet Health
Financial Health criteria checks 3/6
Loungers has a total shareholder equity of £148.2M and total debt of £19.7M, which brings its debt-to-equity ratio to 13.3%. Its total assets and total liabilities are £380.4M and £232.2M respectively. Loungers's EBIT is £16.5M making its interest coverage ratio 2.1. It has cash and short-term investments of £5.7M.
Key information
13.3%
Debt to equity ratio
UK£19.71m
Debt
| Interest coverage ratio | 2.1x |
| Cash | UK£5.74m |
| Equity | UK£148.16m |
| Total liabilities | UK£232.25m |
| Total assets | UK£380.40m |
Recent financial health updates
Recent updates
Earnings Tell The Story For Loungers plc (LON:LGRS) As Its Stock Soars 26%
Nov 26
Returns At Loungers (LON:LGRS) Are On The Way Up
Jan 14Loungers' (LON:LGRS) Strong Earnings Are Of Good Quality
Sep 02Is Loungers plc (LON:LGRS) Trading At A 38% Discount?
May 10When Will Loungers plc (LON:LGRS) Turn A Profit?
Mar 22Will Loungers (LON:LGRS) Multiply In Value Going Forward?
Mar 01Does Loungers (LON:LGRS) Have A Healthy Balance Sheet?
Feb 08
A Look At The Intrinsic Value Of Loungers plc (LON:LGRS)
Jan 04Don't Ignore The Fact That This Insider Just Sold Some Shares In Loungers plc (LON:LGRS)
Dec 13Loungers (LON:LGRS) Shareholders Booked A 10% Gain In The Last Year
Nov 25Financial Position Analysis
Short Term Liabilities: LGRS's short term assets (£15.2M) do not cover its short term liabilities (£81.4M).
Long Term Liabilities: LGRS's short term assets (£15.2M) do not cover its long term liabilities (£150.8M).
Debt to Equity History and Analysis
Debt Level: LGRS's net debt to equity ratio (9.4%) is considered satisfactory.
Reducing Debt: LGRS had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: LGRS's debt is well covered by operating cash flow (303.9%).
Interest Coverage: LGRS's interest payments on its debt are not well covered by EBIT (2.1x coverage).