London & Associated Properties Balance Sheet Health
Financial Health criteria checks 3/6
London & Associated Properties has a total shareholder equity of £49.3M and total debt of £38.7M, which brings its debt-to-equity ratio to 78.5%. Its total assets and total liabilities are £110.0M and £60.6M respectively. London & Associated Properties's EBIT is £13.3M making its interest coverage ratio 4.5. It has cash and short-term investments of £11.7M.
Key information
78.5%
Debt to equity ratio
UK£38.73m
Debt
| Interest coverage ratio | 4.5x |
| Cash | UK£11.67m |
| Equity | UK£49.33m |
| Total liabilities | UK£60.62m |
| Total assets | UK£109.96m |
Recent financial health updates
These 4 Measures Indicate That London & Associated Properties (LON:LAS) Is Using Debt Extensively
Oct 11
Here's Why London & Associated Properties (LON:LAS) Has A Meaningful Debt Burden
Sep 02Is London & Associated Properties (LON:LAS) Weighed On By Its Debt Load?
Sep 30London & Associated Properties (LON:LAS) Has Debt But No Earnings; Should You Worry?
May 09London & Associated Properties (LON:LAS) Has Debt But No Earnings; Should You Worry?
Dec 17
Recent updates
These 4 Measures Indicate That London & Associated Properties (LON:LAS) Is Using Debt Extensively
Oct 11Statutory Profit Doesn't Reflect How Good London & Associated Properties' (LON:LAS) Earnings Are
May 06Here's Why London & Associated Properties (LON:LAS) Has A Meaningful Debt Burden
Sep 02Calculating The Fair Value Of London & Associated Properties PLC (LON:LAS)
Dec 21Is London & Associated Properties (LON:LAS) Weighed On By Its Debt Load?
Sep 30We Discuss Why London & Associated Properties PLC's (LON:LAS) CEO Compensation May Be Closely Reviewed
Jun 09London & Associated Properties (LON:LAS) Has Debt But No Earnings; Should You Worry?
May 09London & Associated Properties (LON:LAS) Has Debt But No Earnings; Should You Worry?
Dec 17Financial Position Analysis
Short Term Liabilities: LAS's short term assets (£45.5M) exceed its short term liabilities (£40.6M).
Long Term Liabilities: LAS's short term assets (£45.5M) exceed its long term liabilities (£20.0M).
Debt to Equity History and Analysis
Debt Level: LAS's net debt to equity ratio (54.9%) is considered high.
Reducing Debt: LAS's debt to equity ratio has reduced from 86.1% to 78.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if LAS has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if LAS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.