Loar Holdings Balance Sheet Health
Financial Health criteria checks 1/6
Loar Holdings has a total shareholder equity of $769.8M and total debt of $602.1M, which brings its debt-to-equity ratio to 78.2%. Its total assets and total liabilities are $1.5B and $702.2M respectively. Loar Holdings's EBIT is $86.9M making its interest coverage ratio 1.5. It has cash and short-term investments of $55.2M.
Key information
78.2%
Debt to equity ratio
US$602.10m
Debt
| Interest coverage ratio | 1.5x |
| Cash | US$55.18m |
| Equity | US$769.81m |
| Total liabilities | US$702.23m |
| Total assets | US$1.47b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: LOAR's short term assets ($232.0M) exceed its short term liabilities ($58.7M).
Long Term Liabilities: LOAR's short term assets ($232.0M) do not cover its long term liabilities ($643.5M).
Debt to Equity History and Analysis
Debt Level: LOAR's net debt to equity ratio (71%) is considered high.
Reducing Debt: Insufficient data to determine if LOAR's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: LOAR's debt is not well covered by operating cash flow (7.7%).
Interest Coverage: LOAR's interest payments on its debt are not well covered by EBIT (1.5x coverage).