Lasco Manufacturing Balance Sheet Health
Financial Health criteria checks 6/6
Lasco Manufacturing has a total shareholder equity of JMD12.3B and total debt of JMD66.1M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are JMD15.2B and JMD2.9B respectively. Lasco Manufacturing's EBIT is JMD3.0B making its interest coverage ratio -41.1. It has cash and short-term investments of JMD5.5B.
Key information
0.5%
Debt to equity ratio
JA$66.12m
Debt
Interest coverage ratio | -41.1x |
Cash | JA$5.45b |
Equity | JA$12.31b |
Total liabilities | JA$2.94b |
Total assets | JA$15.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LASM's short term assets (JMD10.0B) exceed its short term liabilities (JMD2.0B).
Long Term Liabilities: LASM's short term assets (JMD10.0B) exceed its long term liabilities (JMD923.5M).
Debt to Equity History and Analysis
Debt Level: LASM has more cash than its total debt.
Reducing Debt: LASM's debt to equity ratio has reduced from 29.6% to 0.5% over the past 5 years.
Debt Coverage: LASM's debt is well covered by operating cash flow (4157%).
Interest Coverage: LASM earns more interest than it pays, so coverage of interest payments is not a concern.