Lorenzo Shipping Balance Sheet Health
Financial Health criteria checks 3/6
Lorenzo Shipping has a total shareholder equity of ₱466.5M and total debt of ₱706.0M, which brings its debt-to-equity ratio to 151.3%. Its total assets and total liabilities are ₱3.1B and ₱2.6B respectively. Lorenzo Shipping's EBIT is ₱173.8M making its interest coverage ratio 2.6. It has cash and short-term investments of ₱99.1M.
Key information
151.3%
Debt to equity ratio
₱706.02m
Debt
Interest coverage ratio | 2.6x |
Cash | ₱99.13m |
Equity | ₱466.54m |
Total liabilities | ₱2.63b |
Total assets | ₱3.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LSC's short term assets (₱1.0B) do not cover its short term liabilities (₱2.1B).
Long Term Liabilities: LSC's short term assets (₱1.0B) exceed its long term liabilities (₱542.0M).
Debt to Equity History and Analysis
Debt Level: LSC's net debt to equity ratio (130.1%) is considered high.
Reducing Debt: LSC's debt to equity ratio has reduced from 188.5% to 151.3% over the past 5 years.
Debt Coverage: LSC's debt is well covered by operating cash flow (58.4%).
Interest Coverage: LSC's interest payments on its debt are not well covered by EBIT (2.6x coverage).