Logistec Balance Sheet Health
Financial Health criteria checks 2/6
Logistec has a total shareholder equity of CA$362.8M and total debt of CA$401.0M, which brings its debt-to-equity ratio to 110.5%. Its total assets and total liabilities are CA$1.2B and CA$826.2M respectively. Logistec's EBIT is CA$19.5M making its interest coverage ratio 0.7. It has cash and short-term investments of CA$23.7M.
Key information
110.5%
Debt to equity ratio
CA$401.01m
Debt
Interest coverage ratio | 0.7x |
Cash | CA$23.74m |
Equity | CA$362.83m |
Total liabilities | CA$826.20m |
Total assets | CA$1.19b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LTKB.F's short term assets (CA$324.7M) exceed its short term liabilities (CA$217.8M).
Long Term Liabilities: LTKB.F's short term assets (CA$324.7M) do not cover its long term liabilities (CA$608.4M).
Debt to Equity History and Analysis
Debt Level: LTKB.F's net debt to equity ratio (104%) is considered high.
Reducing Debt: LTKB.F's debt to equity ratio has increased from 68.8% to 110.5% over the past 5 years.
Debt Coverage: LTKB.F's debt is well covered by operating cash flow (41.4%).
Interest Coverage: LTKB.F's interest payments on its debt are not well covered by EBIT (0.7x coverage).