Lasco Financial Services Balance Sheet Health
Financial Health criteria checks 5/6
Lasco Financial Services has a total shareholder equity of JMD2.2B and total debt of JMD724.2M, which brings its debt-to-equity ratio to 32.9%. Its total assets and total liabilities are JMD4.0B and JMD1.8B respectively. Lasco Financial Services's EBIT is JMD289.2M making its interest coverage ratio 3. It has cash and short-term investments of JMD1.0B.
Key information
32.9%
Debt to equity ratio
JA$724.25m
Debt
Interest coverage ratio | 3x |
Cash | JA$1.00b |
Equity | JA$2.20b |
Total liabilities | JA$1.80b |
Total assets | JA$4.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LASF's short term assets (JMD2.8B) exceed its short term liabilities (JMD137.4M).
Long Term Liabilities: LASF's short term assets (JMD2.8B) exceed its long term liabilities (JMD1.7B).
Debt to Equity History and Analysis
Debt Level: LASF has more cash than its total debt.
Reducing Debt: LASF's debt to equity ratio has reduced from 96.4% to 32.9% over the past 5 years.
Debt Coverage: LASF's debt is not well covered by operating cash flow (6.2%).
Interest Coverage: LASF's interest payments on its debt are well covered by EBIT (3x coverage).