Lake Area Corn Processors Balance Sheet Health
Financial Health criteria checks 6/6
Lake Area Corn Processors has a total shareholder equity of $135.4M and total debt of $20.0M, which brings its debt-to-equity ratio to 14.8%. Its total assets and total liabilities are $193.4M and $58.0M respectively. Lake Area Corn Processors's EBIT is $29.9M making its interest coverage ratio -8.8. It has cash and short-term investments of $36.8M.
Key information
14.8%
Debt to equity ratio
US$20.00m
Debt
Interest coverage ratio | -8.8x |
Cash | US$36.77m |
Equity | US$135.39m |
Total liabilities | US$57.99m |
Total assets | US$193.38m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LKCR.U's short term assets ($61.5M) exceed its short term liabilities ($38.0M).
Long Term Liabilities: LKCR.U's short term assets ($61.5M) exceed its long term liabilities ($20.0M).
Debt to Equity History and Analysis
Debt Level: LKCR.U has more cash than its total debt.
Reducing Debt: LKCR.U's debt to equity ratio has reduced from 36.1% to 14.8% over the past 5 years.
Debt Coverage: LKCR.U's debt is well covered by operating cash flow (300.4%).
Interest Coverage: LKCR.U earns more interest than it pays, so coverage of interest payments is not a concern.