Lucara Diamond Balance Sheet Health
Financial Health criteria checks 2/6
Lucara Diamond has a total shareholder equity of $242.1M and total debt of $136.5M, which brings its debt-to-equity ratio to 56.4%. Its total assets and total liabilities are $575.8M and $333.7M respectively. Lucara Diamond's EBIT is $36.1M making its interest coverage ratio 8. It has cash and short-term investments of $13.3M.
Key information
56.4%
Debt to equity ratio
US$136.52m
Debt
Interest coverage ratio | 8x |
Cash | US$13.34m |
Equity | US$242.13m |
Total liabilities | US$333.67m |
Total assets | US$575.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LUCR.F's short term assets ($85.9M) do not cover its short term liabilities ($102.5M).
Long Term Liabilities: LUCR.F's short term assets ($85.9M) do not cover its long term liabilities ($231.2M).
Debt to Equity History and Analysis
Debt Level: LUCR.F's net debt to equity ratio (50.9%) is considered high.
Reducing Debt: LUCR.F's debt to equity ratio has increased from 4.2% to 56.4% over the past 5 years.
Debt Coverage: LUCR.F's debt is well covered by operating cash flow (46.4%).
Interest Coverage: LUCR.F's interest payments on its debt are well covered by EBIT (8x coverage).