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
No updates
Recent updates
Financial 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).