Linamar Balance Sheet Health
Financial Health criteria checks 6/6
Linamar has a total shareholder equity of CA$5.3B and total debt of CA$1.6B, which brings its debt-to-equity ratio to 29.5%. Its total assets and total liabilities are CA$9.9B and CA$4.5B respectively. Linamar's EBIT is CA$794.0M making its interest coverage ratio 18.3. It has cash and short-term investments of CA$653.3M.
Key information
29.5%
Debt to equity ratio
CA$1.57b
Debt
Interest coverage ratio | 18.3x |
Cash | CA$653.33m |
Equity | CA$5.32b |
Total liabilities | CA$4.53b |
Total assets | CA$9.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LIMA.F's short term assets (CA$4.0B) exceed its short term liabilities (CA$2.5B).
Long Term Liabilities: LIMA.F's short term assets (CA$4.0B) exceed its long term liabilities (CA$2.0B).
Debt to Equity History and Analysis
Debt Level: LIMA.F's net debt to equity ratio (17.2%) is considered satisfactory.
Reducing Debt: LIMA.F's debt to equity ratio has reduced from 65.6% to 29.5% over the past 5 years.
Debt Coverage: LIMA.F's debt is well covered by operating cash flow (50.6%).
Interest Coverage: LIMA.F's interest payments on its debt are well covered by EBIT (18.3x coverage).