Gale Pacific Balance Sheet Health
Financial Health criteria checks 5/6
Gale Pacific has a total shareholder equity of A$95.3M and total debt of A$29.9M, which brings its debt-to-equity ratio to 31.3%. Its total assets and total liabilities are A$186.6M and A$91.3M respectively. Gale Pacific's EBIT is A$2.4M making its interest coverage ratio 0.6. It has cash and short-term investments of A$29.2M.
Key information
31.3%
Debt to equity ratio
AU$29.87m
Debt
| Interest coverage ratio | 0.6x |
| Cash | AU$29.17m |
| Equity | AU$95.30m |
| Total liabilities | AU$91.29m |
| Total assets | AU$186.59m |
Recent financial health updates
Is Gale Pacific (ASX:GAP) A Risky Investment?
May 06
Here's Why Gale Pacific (ASX:GAP) Has A Meaningful Debt Burden
Oct 04Does Gale Pacific (ASX:GAP) Have A Healthy Balance Sheet?
Apr 11Gale Pacific (ASX:GAP) Has A Pretty Healthy Balance Sheet
May 02Gale Pacific (ASX:GAP) Has A Rock Solid Balance Sheet
Oct 22Gale Pacific (ASX:GAP) Seems To Use Debt Rather Sparingly
Jun 13Recent updates
Subdued Growth No Barrier To Gale Pacific Limited (ASX:GAP) With Shares Advancing 45%
Sep 02Returns On Capital At Gale Pacific (ASX:GAP) Paint A Concerning Picture
Jun 24Is Gale Pacific (ASX:GAP) A Risky Investment?
May 06Gale Pacific Limited's (ASX:GAP) Share Price Is Matching Sentiment Around Its Earnings
Feb 10Here's Why Gale Pacific (ASX:GAP) Has A Meaningful Debt Burden
Oct 04Estimating The Intrinsic Value Of Gale Pacific Limited (ASX:GAP)
Aug 18Returns At Gale Pacific (ASX:GAP) Appear To Be Weighed Down
Jul 05A Look At The Fair Value Of Gale Pacific Limited (ASX:GAP)
May 18Does Gale Pacific (ASX:GAP) Have A Healthy Balance Sheet?
Apr 11Gale Pacific (ASX:GAP) Has A Pretty Healthy Balance Sheet
May 02Returns At Gale Pacific (ASX:GAP) Are On The Way Up
Dec 20Gale Pacific (ASX:GAP) Has A Rock Solid Balance Sheet
Oct 22Gale Pacific (ASX:GAP) Shareholders Will Want The ROCE Trajectory To Continue
Aug 26Gale Pacific (ASX:GAP) Seems To Use Debt Rather Sparingly
Jun 13Here's Why I Think Gale Pacific (ASX:GAP) Is An Interesting Stock
Apr 15Returns Are Gaining Momentum At Gale Pacific (ASX:GAP)
Mar 31Shareholders Of Gale Pacific (ASX:GAP) Must Be Happy With Their 182% Total Return
Mar 16Gale Pacific's (ASX:GAP) Performance Is Even Better Than Its Earnings Suggest
Mar 01We Think Gale Pacific (ASX:GAP) Can Manage Its Debt With Ease
Feb 23Gale Pacific Limited (ASX:GAP) Stock's On A Decline: Are Poor Fundamentals The Cause?
Feb 02Should You Be Impressed By Gale Pacific's (ASX:GAP) Returns on Capital?
Dec 28
Should Gale Pacific (ASX:GAP) Be Disappointed With Their 33% Profit?
Dec 10Have Insiders Been Buying Gale Pacific Limited (ASX:GAP) Shares?
Nov 22The Returns At Gale Pacific (ASX:GAP) Provide Us With Signs Of What's To Come
Aug 18Financial Position Analysis
Short Term Liabilities: GAP's short term assets (A$116.0M) exceed its short term liabilities (A$70.8M).
Long Term Liabilities: GAP's short term assets (A$116.0M) exceed its long term liabilities (A$20.5M).
Debt to Equity History and Analysis
Debt Level: GAP's net debt to equity ratio (0.7%) is considered satisfactory.
Reducing Debt: GAP's debt to equity ratio has reduced from 45.2% to 31.3% over the past 5 years.
Debt Coverage: GAP's debt is well covered by operating cash flow (89.3%).
Interest Coverage: GAP's interest payments on its debt are not well covered by EBIT (0.6x coverage).