Lassonde Industries Balance Sheet Health
Financial Health criteria checks 6/6
Lassonde Industries has a total shareholder equity of CA$1.1B and total debt of CA$417.7M, which brings its debt-to-equity ratio to 38.3%. Its total assets and total liabilities are CA$2.1B and CA$1.0B respectively. Lassonde Industries's EBIT is CA$172.1M making its interest coverage ratio 9.3. It has cash and short-term investments of CA$9.2M.
Key information
38.3%
Debt to equity ratio
CA$417.69m
Debt
| Interest coverage ratio | 9.3x |
| Cash | CA$9.17m |
| Equity | CA$1.09b |
| Total liabilities | CA$1.01b |
| Total assets | CA$2.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LSDA.F's short term assets (CA$690.9M) exceed its short term liabilities (CA$407.9M).
Long Term Liabilities: LSDA.F's short term assets (CA$690.9M) exceed its long term liabilities (CA$598.1M).
Debt to Equity History and Analysis
Debt Level: LSDA.F's net debt to equity ratio (37.5%) is considered satisfactory.
Reducing Debt: LSDA.F's debt to equity ratio has reduced from 47.8% to 38.3% over the past 5 years.
Debt Coverage: LSDA.F's debt is well covered by operating cash flow (56.5%).
Interest Coverage: LSDA.F's interest payments on its debt are well covered by EBIT (9.3x coverage).