Loungers Balance Sheet Health

Financial Health criteria checks 3/6

Loungers has a total shareholder equity of £156.4M and total debt of £19.8M, which brings its debt-to-equity ratio to 12.7%. Its total assets and total liabilities are £409.8M and £253.4M respectively. Loungers's EBIT is £20.3M making its interest coverage ratio 2.3. It has cash and short-term investments of £10.3M.

Key information

12.7%

Debt to equity ratio

UK£19.81m

Debt

Interest coverage ratio2.3x
CashUK£10.35m
EquityUK£156.39m
Total liabilitiesUK£253.44m
Total assetsUK£409.83m

Recent financial health updates

Recent updates

Earnings Tell The Story For Loungers plc (LON:LGRS) As Its Stock Soars 26%

Nov 26
Earnings Tell The Story For Loungers plc (LON:LGRS) As Its Stock Soars 26%

Returns At Loungers (LON:LGRS) Are On The Way Up

Jan 14
Returns At Loungers (LON:LGRS) Are On The Way Up

Loungers' (LON:LGRS) Strong Earnings Are Of Good Quality

Sep 02
Loungers' (LON:LGRS) Strong Earnings Are Of Good Quality

Is Loungers plc (LON:LGRS) Trading At A 38% Discount?

May 10
Is Loungers plc (LON:LGRS) Trading At A 38% Discount?

When Will Loungers plc (LON:LGRS) Turn A Profit?

Mar 22
When Will Loungers plc (LON:LGRS) Turn A Profit?

Will Loungers (LON:LGRS) Multiply In Value Going Forward?

Mar 01
Will Loungers (LON:LGRS) Multiply In Value Going Forward?

Does Loungers (LON:LGRS) Have A Healthy Balance Sheet?

Feb 08
Does Loungers (LON:LGRS) Have A Healthy Balance Sheet?

A Look At The Intrinsic Value Of Loungers plc (LON:LGRS)

Jan 04
A Look At The Intrinsic Value Of Loungers plc (LON:LGRS)

Don't Ignore The Fact That This Insider Just Sold Some Shares In Loungers plc (LON:LGRS)

Dec 13
Don't Ignore The Fact That This Insider Just Sold Some Shares In Loungers plc (LON:LGRS)

Loungers (LON:LGRS) Shareholders Booked A 10% Gain In The Last Year

Nov 25
Loungers (LON:LGRS) Shareholders Booked A 10% Gain In The Last Year

Financial Position Analysis

Short Term Liabilities: LGRS's short term assets (£23.7M) do not cover its short term liabilities (£91.7M).

Long Term Liabilities: LGRS's short term assets (£23.7M) do not cover its long term liabilities (£161.8M).


Debt to Equity History and Analysis

Debt Level: LGRS's net debt to equity ratio (6%) 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 (326.3%).

Interest Coverage: LGRS's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet


Discover healthy companies