LICT Balance Sheet Health
Financial Health criteria checks 4/6
LICT has a total shareholder equity of $194.5M and total debt of $53.5M, which brings its debt-to-equity ratio to 27.5%. Its total assets and total liabilities are $300.0M and $105.5M respectively. LICT's EBIT is $20.8M making its interest coverage ratio 17.5. It has cash and short-term investments of $11.5M.
Key information
27.5%
Debt to equity ratio
US$53.45m
Debt
Interest coverage ratio | 17.5x |
Cash | US$11.55m |
Equity | US$194.54m |
Total liabilities | US$105.48m |
Total assets | US$300.02m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LICT's short term assets ($54.6M) exceed its short term liabilities ($21.5M).
Long Term Liabilities: LICT's short term assets ($54.6M) do not cover its long term liabilities ($84.0M).
Debt to Equity History and Analysis
Debt Level: LICT's net debt to equity ratio (21.5%) is considered satisfactory.
Reducing Debt: LICT's debt to equity ratio has increased from 22.1% to 27.5% over the past 5 years.
Debt Coverage: LICT's debt is well covered by operating cash flow (74.1%).
Interest Coverage: LICT's interest payments on its debt are well covered by EBIT (17.5x coverage).