G8 Education Balance Sheet Health
Financial Health criteria checks 3/6
G8 Education has a total shareholder equity of A$905.5M and total debt of A$100.3M, which brings its debt-to-equity ratio to 11.1%. Its total assets and total liabilities are A$1.9B and A$997.3M respectively. G8 Education's EBIT is A$120.8M making its interest coverage ratio 2.4. It has cash and short-term investments of A$40.3M.
Key information
11.1%
Debt to equity ratio
AU$100.31m
Debt
Interest coverage ratio | 2.4x |
Cash | AU$40.30m |
Equity | AU$905.50m |
Total liabilities | AU$997.29m |
Total assets | AU$1.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GEM's short term assets (A$78.4M) do not cover its short term liabilities (A$285.3M).
Long Term Liabilities: GEM's short term assets (A$78.4M) do not cover its long term liabilities (A$712.0M).
Debt to Equity History and Analysis
Debt Level: GEM's net debt to equity ratio (6.6%) is considered satisfactory.
Reducing Debt: GEM's debt to equity ratio has reduced from 41.6% to 11.1% over the past 5 years.
Debt Coverage: GEM's debt is well covered by operating cash flow (200.9%).
Interest Coverage: GEM's interest payments on its debt are not well covered by EBIT (2.4x coverage).