GSK Balance Sheet Health
Financial Health criteria checks 3/6
GSK has a total shareholder equity of £12.8B and total debt of £16.8B, which brings its debt-to-equity ratio to 131.4%. Its total assets and total liabilities are £59.0B and £46.2B respectively. GSK's EBIT is £8.4B making its interest coverage ratio 14. It has cash and short-term investments of £5.7B.
Key information
131.4%
Debt to equity ratio
UK£16.81b
Debt
| Interest coverage ratio | 14x |
| Cash | UK£5.69b |
| Equity | UK£12.80b |
| Total liabilities | UK£46.21b |
| Total assets | UK£59.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: G1SK34's short term assets (£18.6B) do not cover its short term liabilities (£21.1B).
Long Term Liabilities: G1SK34's short term assets (£18.6B) do not cover its long term liabilities (£25.1B).
Debt to Equity History and Analysis
Debt Level: G1SK34's net debt to equity ratio (86.9%) is considered high.
Reducing Debt: G1SK34's debt to equity ratio has reduced from 708% to 131.4% over the past 5 years.
Debt Coverage: G1SK34's debt is well covered by operating cash flow (40.3%).
Interest Coverage: G1SK34's interest payments on its debt are well covered by EBIT (14x coverage).