Lavastone Balance Sheet Health
Financial Health criteria checks 3/6
Lavastone has a total shareholder equity of MUR3.2B and total debt of MUR1.4B, which brings its debt-to-equity ratio to 42.6%. Its total assets and total liabilities are MUR4.9B and MUR1.7B respectively. Lavastone's EBIT is MUR225.0M making its interest coverage ratio 3.4. It has cash and short-term investments of MUR134.4M.
Key information
42.6%
Debt to equity ratio
MU₨1.37b
Debt
Interest coverage ratio | 3.4x |
Cash | MU₨134.41m |
Equity | MU₨3.22b |
Total liabilities | MU₨1.67b |
Total assets | MU₨4.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LAVA.I0000's short term assets (MUR307.3M) exceed its short term liabilities (MUR168.7M).
Long Term Liabilities: LAVA.I0000's short term assets (MUR307.3M) do not cover its long term liabilities (MUR1.5B).
Debt to Equity History and Analysis
Debt Level: LAVA.I0000's net debt to equity ratio (38.5%) is considered satisfactory.
Reducing Debt: LAVA.I0000's debt to equity ratio has increased from 1.3% to 42.6% over the past 5 years.
Debt Coverage: LAVA.I0000's debt is not well covered by operating cash flow (14.9%).
Interest Coverage: LAVA.I0000's interest payments on its debt are well covered by EBIT (3.4x coverage).