LPL Financial Holdings Balance Sheet Health
Financial Health criteria checks 4/6
LPL Financial Holdings has a total shareholder equity of $2.2B and total debt of $2.9B, which brings its debt-to-equity ratio to 130%. Its total assets and total liabilities are $9.2B and $7.0B respectively. LPL Financial Holdings's EBIT is $1.5B making its interest coverage ratio 11.2. It has cash and short-term investments of $487.4M.
Key information
130.0%
Debt to equity ratio
US$2.85b
Debt
Interest coverage ratio | 11.2x |
Cash | US$487.35m |
Equity | US$2.19b |
Total liabilities | US$6.97b |
Total assets | US$9.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LPLA *'s short term assets ($5.1B) exceed its short term liabilities ($706.0M).
Long Term Liabilities: LPLA *'s short term assets ($5.1B) do not cover its long term liabilities ($6.3B).
Debt to Equity History and Analysis
Debt Level: LPLA *'s net debt to equity ratio (107.8%) is considered high.
Reducing Debt: LPLA *'s debt to equity ratio has reduced from 236.2% to 130% over the past 5 years.
Debt Coverage: LPLA *'s debt is well covered by operating cash flow (63.7%).
Interest Coverage: LPLA *'s interest payments on its debt are well covered by EBIT (11.2x coverage).