Gowing Bros Balance Sheet Health
Financial Health criteria checks 3/6
Gowing Bros has a total shareholder equity of A$197.8M and total debt of A$95.9M, which brings its debt-to-equity ratio to 48.5%. Its total assets and total liabilities are A$327.6M and A$129.8M respectively. Gowing Bros's EBIT is A$12.5M making its interest coverage ratio 2.1. It has cash and short-term investments of A$22.4M.
Key information
48.5%
Debt to equity ratio
AU$95.87m
Debt
Interest coverage ratio | 2.1x |
Cash | AU$22.38m |
Equity | AU$197.83m |
Total liabilities | AU$129.75m |
Total assets | AU$327.58m |
Recent financial health updates
No updates
Recent updates
Gowing Bros (ASX:GOW) Is Paying Out A Dividend Of A$0.03
Mar 30Gowing Bros' (ASX:GOW) Dividend Will Be A$0.04
Oct 07Gowing Bros (ASX:GOW) Is Due To Pay A Dividend Of AU$0.04
Mar 30Is Gowing Bros. Limited (ASX:GOW) A Risky Dividend Stock?
Jan 21How Much Did Gowing Bros'(ASX:GOW) Shareholders Earn From Share Price Movements Over The Last Three Years?
Dec 17Financial Position Analysis
Short Term Liabilities: GOW's short term assets (A$48.2M) exceed its short term liabilities (A$7.9M).
Long Term Liabilities: GOW's short term assets (A$48.2M) do not cover its long term liabilities (A$121.8M).
Debt to Equity History and Analysis
Debt Level: GOW's net debt to equity ratio (37.1%) is considered satisfactory.
Reducing Debt: GOW's debt to equity ratio has reduced from 52.8% to 48.5% over the past 5 years.
Debt Coverage: GOW's debt is not well covered by operating cash flow (2.1%).
Interest Coverage: GOW's interest payments on its debt are not well covered by EBIT (2.1x coverage).