Leatt Balance Sheet Health
Financial Health criteria checks 6/6
Leatt has a total shareholder equity of $40.3M and total debt of $1.3M, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are $47.6M and $7.3M respectively. Leatt's EBIT is $1.4M making its interest coverage ratio 36.2. It has cash and short-term investments of $11.3M.
Key information
3.2%
Debt to equity ratio
US$1.28m
Debt
Interest coverage ratio | 36.2x |
Cash | US$11.35m |
Equity | US$40.28m |
Total liabilities | US$7.33m |
Total assets | US$47.61m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LEAT's short term assets ($42.3M) exceed its short term liabilities ($6.8M).
Long Term Liabilities: LEAT's short term assets ($42.3M) exceed its long term liabilities ($576.4K).
Debt to Equity History and Analysis
Debt Level: LEAT has more cash than its total debt.
Reducing Debt: LEAT's debt to equity ratio has reduced from 6.4% to 3.2% over the past 5 years.
Debt Coverage: LEAT's debt is well covered by operating cash flow (520.4%).
Interest Coverage: LEAT's interest payments on its debt are well covered by EBIT (36.2x coverage).