Lasco Distributors Balance Sheet Health
Financial Health criteria checks 6/6
Lasco Distributors has a total shareholder equity of JMD9.9B and total debt of JMD0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are JMD15.1B and JMD5.2B respectively. Lasco Distributors's EBIT is JMD1.6B making its interest coverage ratio -28.1. It has cash and short-term investments of JMD2.6B.
Key information
0%
Debt to equity ratio
JA$0
Debt
| Interest coverage ratio | -28.1x |
| Cash | JA$2.57b |
| Equity | JA$9.88b |
| Total liabilities | JA$5.21b |
| Total assets | JA$15.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LASD's short term assets (JMD12.1B) exceed its short term liabilities (JMD5.1B).
Long Term Liabilities: LASD's short term assets (JMD12.1B) exceed its long term liabilities (JMD70.2M).
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 5%.
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.