Lamar Advertising Balance Sheet Health
Financial Health criteria checks 2/6
Lamar Advertising has a total shareholder equity of $1.2B and total debt of $3.2B, which brings its debt-to-equity ratio to 267.6%. Its total assets and total liabilities are $6.5B and $5.3B respectively. Lamar Advertising's EBIT is $685.8M making its interest coverage ratio 3.9. It has cash and short-term investments of $29.5M.
Key information
267.6%
Debt to equity ratio
US$3.25b
Debt
| Interest coverage ratio | 3.9x |
| Cash | US$29.51m |
| Equity | US$1.21b |
| Total liabilities | US$5.31b |
| Total assets | US$6.52b |
Recent financial health updates
No updates
Recent updates
Lamar Advertising: Solid Fundamentals Are Increasingly In The Price (Rating Downgrade)
Oct 03Lamar Advertising: A Unique REIT With Margin Expansion And AFFO Growth Potential
Jul 15Lamar Advertising: A Solid Q1 With Dividend Hikes Likely To Come
May 06Lamar's Tight Expense Control Facilitates Reliable Growth
Mar 04We Ran A Stock Scan For Earnings Growth And Lamar Advertising (NASDAQ:LAMR) Passed With Ease
Dec 30
Lamar Advertising pares some declines after bullish mention
Sep 23We Ran A Stock Scan For Earnings Growth And Lamar Advertising (NASDAQ:LAMR) Passed With Ease
Sep 13Lamar Advertising declares $1.20 dividend
Sep 06Lamar Advertising GAAP EPS of $1.32 beats by $0.05, revenue of $517.85M
Aug 03Lamar Advertising: An Even Better Opportunity Than Before
Jun 29Here's Why We Think Lamar Advertising (NASDAQ:LAMR) Is Well Worth Watching
May 09Lamar Advertising: Inflation Hedge And Low Competition
Apr 22Billboard REITs: In Your Face, But Under The Radar
Feb 01Lamar Advertising: Progress Continues
Dec 21Financial Position Analysis
Short Term Liabilities: LAMR's short term assets ($412.3M) do not cover its short term liabilities ($738.7M).
Long Term Liabilities: LAMR's short term assets ($412.3M) do not cover its long term liabilities ($4.6B).
Debt to Equity History and Analysis
Debt Level: LAMR's net debt to equity ratio (265.2%) is considered high.
Reducing Debt: LAMR's debt to equity ratio has increased from 261.5% to 267.6% over the past 5 years.
Debt Coverage: LAMR's debt is well covered by operating cash flow (26.1%).
Interest Coverage: LAMR's interest payments on its debt are well covered by EBIT (3.9x coverage).