Live Nation Entertainment Balance Sheet Health
Financial Health criteria checks 3/6
Live Nation Entertainment has a total shareholder equity of $1.5B and total debt of $6.2B, which brings its debt-to-equity ratio to 428.1%. Its total assets and total liabilities are $20.0B and $18.6B respectively. Live Nation Entertainment's EBIT is $912.3M making its interest coverage ratio 9. It has cash and short-term investments of $6.5B.
Key information
428.1%
Debt to equity ratio
US$6.22b
Debt
Interest coverage ratio | 9x |
Cash | US$6.50b |
Equity | US$1.45b |
Total liabilities | US$18.58b |
Total assets | US$20.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0JVD's short term assets ($10.4B) do not cover its short term liabilities ($11.3B).
Long Term Liabilities: 0JVD's short term assets ($10.4B) exceed its long term liabilities ($7.2B).
Debt to Equity History and Analysis
Debt Level: 0JVD has more cash than its total debt.
Reducing Debt: 0JVD's debt to equity ratio has increased from 176.6% to 428.1% over the past 5 years.
Debt Coverage: 0JVD's debt is not well covered by operating cash flow (19.4%).
Interest Coverage: 0JVD's interest payments on its debt are well covered by EBIT (9x coverage).