Lakeland Industries Balance Sheet Health
Financial Health criteria checks 4/6
Lakeland Industries has a total shareholder equity of $124.7M and total debt of $29.5M, which brings its debt-to-equity ratio to 23.6%. Its total assets and total liabilities are $198.4M and $73.7M respectively. Lakeland Industries's EBIT is $2.4M making its interest coverage ratio 4. It has cash and short-term investments of $24.9M.
Key information
23.6%
Debt to equity ratio
US$29.48m
Debt
| Interest coverage ratio | 4x |
| Cash | US$24.88m |
| Equity | US$124.72m |
| Total liabilities | US$73.71m |
| Total assets | US$198.42m |
Recent financial health updates
Recent updates
Lakeland Industries (NASDAQ:LAKE) Has A Somewhat Strained Balance Sheet
Nov 08
Lakeland Industries Shareholders Risk Dilution With New Offering
Jul 15Shareholders Should Be Pleased With Lakeland Industries, Inc.'s (NASDAQ:LAKE) Price
May 23Lakeland's Revenues Could Grow By 50% Post-Acquisitions, But It Is Still Overvalued
May 08Lakeland Industries (NASDAQ:LAKE) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Apr 19Lakeland Is Changing But Still Overvalued
Feb 15Lakeland Industries, Inc. (NASDAQ:LAKE) Looks Just Right With A 26% Price Jump
Jan 03The Returns On Capital At Lakeland Industries (NASDAQ:LAKE) Don't Inspire Confidence
Apr 17Lakeland Industries Is A Little Too Expensive
Sep 25Lakeland Industries, Inc. (NASDAQ:LAKE) Shares Could Be 23% Above Their Intrinsic Value Estimate
Sep 13Lakeland Non-GAAP EPS of $0.15 misses by $0.12, revenue of $28.2M misses by $1.35M
Sep 08Lakeland Industries: Down But Not Out
Aug 15Lakeland Industries: A Possible Value Trap
Feb 15Time To Buy Lakeland Industries
Sep 27Lakeland Industries: Q2 Suggests Caution, But Not Despair
Sep 15Shareholders Would Enjoy A Repeat Of Lakeland Industries' (NASDAQ:LAKE) Recent Growth In Returns
Sep 11Lakeland Industries: Buy This Stock To Inoculate Your Portfolio Against The Delta Variant
Jul 21Financial Position Analysis
Short Term Liabilities: LAKE's short term assets ($128.5M) exceed its short term liabilities ($30.3M).
Long Term Liabilities: LAKE's short term assets ($128.5M) exceed its long term liabilities ($43.4M).
Debt to Equity History and Analysis
Debt Level: LAKE's net debt to equity ratio (3.7%) is considered satisfactory.
Reducing Debt: LAKE's debt to equity ratio has increased from 2.5% to 23.6% over the past 5 years.
Debt Coverage: LAKE's debt is not well covered by operating cash flow (10%).
Interest Coverage: LAKE's interest payments on its debt are well covered by EBIT (4x coverage).