Legacy Education Balance Sheet Health
Financial Health criteria checks 6/6
Legacy Education has a total shareholder equity of $22.4M and total debt of $748.1K, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are $35.2M and $12.8M respectively. Legacy Education's EBIT is $6.2M making its interest coverage ratio -8.1. It has cash and short-term investments of $10.4M.
Key information
3.3%
Debt to equity ratio
US$748.11k
Debt
| Interest coverage ratio | -8.1x |
| Cash | US$10.38m |
| Equity | US$22.42m |
| Total liabilities | US$12.75m |
| Total assets | US$35.17m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LGCY's short term assets ($24.6M) exceed its short term liabilities ($10.5M).
Long Term Liabilities: LGCY's short term assets ($24.6M) exceed its long term liabilities ($2.3M).
Debt to Equity History and Analysis
Debt Level: LGCY has more cash than its total debt.
Reducing Debt: LGCY's debt to equity ratio has reduced from 6.1% to 3.3% over the past 5 years.
Debt Coverage: LGCY's debt is well covered by operating cash flow (220.4%).
Interest Coverage: LGCY earns more interest than it pays, so coverage of interest payments is not a concern.