Lakeland Financial Corporation

NASDAQ LKFN

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Lakeland Financial Corporation Cash Interest Coverage Ratio 1 year YoY Change (%) for the quarter ending March 31, 2024: -41.64%

Lakeland Financial Corporation Cash Interest Coverage Ratio 1 year YoY Change (%) is -41.64% for the quarter ending March 31, 2024, a 55.44% change year over year. The cash interest coverage ratio measures a company's ability to cover its interest expenses with its operating cash flow. It is calculated by dividing operating cash flow by interest expense. This ratio indicates the company's capacity to generate sufficient cash flow to meet its interest obligations. A higher ratio signifies better coverage and financial stability. The measure "Change (%)" refers to the percentage change in the value of a financial metric between two time points. This measure provides a relative perspective on the magnitude of change.

Lakeland Financial Corporation Cash Interest Coverage Ratio for the quarter ending March 31, 2023 was 0.99, a -93.45% change year over year.
Lakeland Financial Corporation Cash Interest Coverage Ratio for the quarter ending March 31, 2022 was 15.12, a 171.92% change year over year.
Lakeland Financial Corporation Cash Interest Coverage Ratio for the quarter ending March 31, 2021 was 5.56, a 230.21% change year over year.
Lakeland Financial Corporation Cash Interest Coverage Ratio for the quarter ending March 31, 2020 was 1.68, a 8.83% change year over year.

NASDAQ: LKFN

Lakeland Financial Corporation

CEO	Mr. David M. Findlay
IPO Date	Aug. 15, 1997
Location	United States
Headquarters	202 East Center Street, Warsaw, IN, United States, 46581-1387
Employees	628
Sector	Financial Services
Industry	Banks - regional

Description

Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services in the United States. The company accepts various deposit products, such as noninterest bearing, interest-bearing checking, savings, money market, NOW, and demand deposits. Its loan products include commercial and industrial, commercial real estate and multi-family residential, construction, agri-business and agricultural, consumer 1-4 family mortgage, and other commercial and consumer loans. The company also provides retail and merchant credit card services; corporate treasury management, wealth advisory, and trust services; retail brokerage services, including various financial and investment products, such as annuities and life insurance; and mobile business banking and on-line treasury management services. It serves commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and health care industries. The company was founded in 1872 and is headquartered in Warsaw, Indiana.

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