LICT Balance Sheet Health
Financial Health criteria checks 3/6
LICT has a total shareholder equity of $201.8M and total debt of $61.4M, which brings its debt-to-equity ratio to 30.4%. Its total assets and total liabilities are $322.9M and $121.1M respectively. LICT's EBIT is $26.5M making its interest coverage ratio 12.1. It has cash and short-term investments of $14.4M.
Key information
30.4%
Debt to equity ratio
US$61.40m
Debt
| Interest coverage ratio | 12.1x |
| Cash | US$14.44m |
| Equity | US$201.75m |
| Total liabilities | US$121.14m |
| Total assets | US$322.89m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LICT's short term assets ($43.5M) do not cover its short term liabilities ($66.4M).
Long Term Liabilities: LICT's short term assets ($43.5M) do not cover its long term liabilities ($54.8M).
Debt to Equity History and Analysis
Debt Level: LICT's net debt to equity ratio (23.3%) is considered satisfactory.
Reducing Debt: LICT's debt to equity ratio has increased from 10.4% to 30.4% over the past 5 years.
Debt Coverage: LICT's debt is well covered by operating cash flow (53.5%).
Interest Coverage: LICT's interest payments on its debt are well covered by EBIT (12.1x coverage).