Lassonde Industries Balance Sheet Health
Financial Health criteria checks 6/6
Lassonde Industries has a total shareholder equity of CA$995.9M and total debt of CA$166.7M, which brings its debt-to-equity ratio to 16.7%. Its total assets and total liabilities are CA$1.7B and CA$669.8M respectively. Lassonde Industries's EBIT is CA$135.4M making its interest coverage ratio 8.5. It has cash and short-term investments of CA$19.8M.
Key information
16.7%
Debt to equity ratio
CA$166.72m
Debt
Interest coverage ratio | 8.5x |
Cash | CA$19.84m |
Equity | CA$995.90m |
Total liabilities | CA$669.80m |
Total assets | CA$1.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LSDA.F's short term assets (CA$636.6M) exceed its short term liabilities (CA$372.2M).
Long Term Liabilities: LSDA.F's short term assets (CA$636.6M) exceed its long term liabilities (CA$297.6M).
Debt to Equity History and Analysis
Debt Level: LSDA.F's net debt to equity ratio (14.7%) is considered satisfactory.
Reducing Debt: LSDA.F's debt to equity ratio has reduced from 44.7% to 16.7% over the past 5 years.
Debt Coverage: LSDA.F's debt is well covered by operating cash flow (134.9%).
Interest Coverage: LSDA.F's interest payments on its debt are well covered by EBIT (8.5x coverage).