Longhorn Publishers Balance Sheet Health
Financial Health criteria checks 3/6
Longhorn Publishers has a total shareholder equity of KES23.4M and total debt of KES1.0B, which brings its debt-to-equity ratio to 4436.8%. Its total assets and total liabilities are KES2.1B and KES2.0B respectively.
Key information
4,436.8%
Debt to equity ratio
KSh1.04b
Debt
| Interest coverage ratio | n/a |
| Cash | KSh27.53m |
| Equity | KSh23.43m |
| Total liabilities | KSh2.05b |
| Total assets | KSh2.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LKL's short term assets (KES916.0M) do not cover its short term liabilities (KES2.0B).
Long Term Liabilities: LKL has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: LKL's net debt to equity ratio (4319.2%) is considered high.
Reducing Debt: LKL's debt to equity ratio has increased from 59.1% to 4436.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable LKL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: LKL is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 0.5% per year.