Gale Pacific Balance Sheet Health
Financial Health criteria checks 5/6
Gale Pacific has a total shareholder equity of A$89.0M and total debt of A$36.3M, which brings its debt-to-equity ratio to 40.8%. Its total assets and total liabilities are A$187.5M and A$98.5M respectively. Gale Pacific's EBIT is A$2.8M making its interest coverage ratio 0.7. It has cash and short-term investments of A$34.1M.
Key information
40.8%
Debt to equity ratio
AU$36.34m
Debt
| Interest coverage ratio | 0.7x |
| Cash | AU$34.15m |
| Equity | AU$89.00m |
| Total liabilities | AU$98.54m |
| Total assets | AU$187.54m |
Recent financial health updates
Here's Why Gale Pacific (ASX:GAP) Has A Meaningful Debt Burden
Oct 04
Does 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 13We Think Gale Pacific (ASX:GAP) Can Manage Its Debt With Ease
Feb 23Recent updates
Gale 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$117.0M) exceed its short term liabilities (A$75.1M).
Long Term Liabilities: GAP's short term assets (A$117.0M) exceed its long term liabilities (A$23.4M).
Debt to Equity History and Analysis
Debt Level: GAP's net debt to equity ratio (2.5%) is considered satisfactory.
Reducing Debt: GAP's debt to equity ratio has reduced from 49.3% to 40.8% over the past 5 years.
Debt Coverage: GAP's debt is well covered by operating cash flow (109%).
Interest Coverage: GAP's interest payments on its debt are not well covered by EBIT (0.7x coverage).