Good Drinks Australia Balance Sheet Health
Financial Health criteria checks 1/6
Good Drinks Australia has a total shareholder equity of A$65.3M and total debt of A$36.8M, which brings its debt-to-equity ratio to 56.3%. Its total assets and total liabilities are A$161.8M and A$96.5M respectively. Good Drinks Australia's EBIT is A$1.4M making its interest coverage ratio 0.5. It has cash and short-term investments of A$8.7M.
Key information
56.3%
Debt to equity ratio
AU$36.80m
Debt
| Interest coverage ratio | 0.5x |
| Cash | AU$8.71m |
| Equity | AU$65.32m |
| Total liabilities | AU$96.53m |
| Total assets | AU$161.84m |
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
Here'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$71.3M) do not cover its short term liabilities (A$72.0M).
Long Term Liabilities: GDA's short term assets (A$71.3M) exceed its long term liabilities (A$24.6M).
Debt to Equity History and Analysis
Debt Level: GDA's net debt to equity ratio (43%) is considered high.
Reducing Debt: GDA's debt to equity ratio has increased from 0% to 56.3% over the past 5 years.
Debt Coverage: GDA's debt is not well covered by operating cash flow (10.6%).
Interest Coverage: GDA's interest payments on its debt are not well covered by EBIT (0.5x coverage).