Lasco Distributors Balance Sheet Health
Financial Health criteria checks 6/6
Lasco Distributors has a total shareholder equity of JMD9.3B and total debt of JMD0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are JMD14.9B and JMD5.7B respectively. Lasco Distributors's EBIT is JMD1.9B making its interest coverage ratio -34.7. It has cash and short-term investments of JMD3.1B.
Key information
0%
Debt to equity ratio
JA$0
Debt
Interest coverage ratio | -34.7x |
Cash | JA$3.12b |
Equity | JA$9.25b |
Total liabilities | JA$5.65b |
Total assets | JA$14.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LASD's short term assets (JMD12.4B) exceed its short term liabilities (JMD5.6B).
Long Term Liabilities: LASD's short term assets (JMD12.4B) exceed its long term liabilities (JMD68.7M).
Debt to Equity History and Analysis
Debt Level: LASD is debt free.
Reducing Debt: LASD has no debt compared to 5 years ago when its debt to equity ratio was 3.7%.
Debt Coverage: LASD has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: LASD has no debt, therefore coverage of interest payments is not a concern.