Good Drinks Australia Balance Sheet Health
Financial Health criteria checks 2/6
Good Drinks Australia has a total shareholder equity of A$61.7M and total debt of A$30.2M, which brings its debt-to-equity ratio to 48.9%. Its total assets and total liabilities are A$132.3M and A$70.5M respectively. Good Drinks Australia's EBIT is A$3.7M making its interest coverage ratio 1.2. It has cash and short-term investments of A$7.5M.
Key information
48.9%
Debt to equity ratio
AU$30.22m
Debt
| Interest coverage ratio | 1.2x |
| Cash | AU$7.54m |
| Equity | AU$61.74m |
| Total liabilities | AU$70.54m |
| Total assets | AU$132.28m |
Recent financial health updates
Good Drinks Australia (ASX:GDA) Seems To Be Using A Lot Of Debt
Nov 02
Is Good Drinks Australia (ASX:GDA) A Risky Investment?
Mar 17Recent updates
Good Drinks Australia Limited's (ASX:GDA) Shares Climb 33% But Its Business Is Yet to Catch Up
Oct 24Benign Growth For Good Drinks Australia Limited (ASX:GDA) Underpins Its Share Price
Aug 08The Returns On Capital At Good Drinks Australia (ASX:GDA) Don't Inspire Confidence
May 24Here's Why Shareholders May Want To Be Cautious With Increasing Good Drinks Australia Limited's (ASX:GDA) CEO Pay Packet
Nov 16Good Drinks Australia (ASX:GDA) Seems To Be Using A Lot Of Debt
Nov 02Is There Now An Opportunity In Good Drinks Australia Limited (ASX:GDA)?
Jul 18Is Now The Time To Look At Buying Good Drinks Australia Limited (ASX:GDA)?
Mar 31Is Good Drinks Australia (ASX:GDA) A Risky Investment?
Mar 17Good Drinks Australia Ltd's (ASX:GDA) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?
Feb 24How Much Is Good Drinks Australia's (ASX:GDA) CEO Getting Paid?
Jan 27
Have Insiders Been Buying Good Drinks Australia Ltd (ASX:GDA) Shares?
Dec 23Gage Roads Brewing's(ASX:GRB) Share Price Is Down 29% Over The Past Year.
Nov 18Financial Position Analysis
Short Term Liabilities: GDA's short term assets (A$48.0M) do not cover its short term liabilities (A$50.3M).
Long Term Liabilities: GDA's short term assets (A$48.0M) exceed its long term liabilities (A$20.3M).
Debt to Equity History and Analysis
Debt Level: GDA's net debt to equity ratio (36.7%) is considered satisfactory.
Reducing Debt: GDA's debt to equity ratio has increased from 0% to 48.9% over the past 5 years.
Debt Coverage: GDA's debt is not well covered by operating cash flow (5.1%).
Interest Coverage: GDA's interest payments on its debt are not well covered by EBIT (1.2x coverage).