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
No updates
Recent updates
Financial 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).