GSK Balance Sheet Health
Financial Health criteria checks 4/6
GSK has a total shareholder equity of £22.6B and total debt of £33.4B, which brings its debt-to-equity ratio to 147.4%. Its total assets and total liabilities are £89.7B and £67.1B respectively. GSK's EBIT is £8.5B making its interest coverage ratio 11.2. It has cash and short-term investments of £14.0B.
Key information
147.4%
Debt to equity ratio
UK£33.35b
Debt
Interest coverage ratio | 11.2x |
Cash | UK£13.98b |
Equity | UK£22.63b |
Total liabilities | UK£67.06b |
Total assets | UK£89.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 001102657's short term assets (£29.0B) exceed its short term liabilities (£24.3B).
Long Term Liabilities: 001102657's short term assets (£29.0B) do not cover its long term liabilities (£42.8B).
Debt to Equity History and Analysis
Debt Level: 001102657's net debt to equity ratio (85.6%) is considered high.
Reducing Debt: 001102657's debt to equity ratio has reduced from 327.6% to 147.4% over the past 5 years.
Debt Coverage: 001102657's debt is well covered by operating cash flow (30.5%).
Interest Coverage: 001102657's interest payments on its debt are well covered by EBIT (11.2x coverage).