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 JMD381.5M, which brings its debt-to-equity ratio to 3.9%. Its total assets and total liabilities are JMD15.7B and JMD5.8B respectively. Lasco Distributors's EBIT is JMD1.7B making its interest coverage ratio -29.5. It has cash and short-term investments of JMD2.8B.
Key information
3.9%
Debt to equity ratio
JA$381.48m
Debt
| Interest coverage ratio | -29.5x |
| Cash | JA$2.84b |
| Equity | JA$9.87b |
| Total liabilities | JA$5.78b |
| Total assets | JA$15.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LASD's short term assets (JMD12.6B) exceed its short term liabilities (JMD5.3B).
Long Term Liabilities: LASD's short term assets (JMD12.6B) exceed its long term liabilities (JMD430.2M).
Debt to Equity History and Analysis
Debt Level: LASD has more cash than its total debt.
Reducing Debt: LASD's debt to equity ratio has reduced from 5.5% to 3.9% over the past 5 years.
Debt Coverage: LASD's debt is well covered by operating cash flow (61.4%).
Interest Coverage: LASD earns more interest than it pays, so coverage of interest payments is not a concern.