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Garrett Motion Balance Sheet Health
Financial Health criteria checks 2/6
Garrett Motion has a total shareholder equity of $-80.0M and total debt of $1.2B, which brings its debt-to-equity ratio to -1455%. Its total assets and total liabilities are $2.8B and $2.9B respectively. Garrett Motion's EBIT is $518.0M making its interest coverage ratio 47.1. It has cash and short-term investments of $291.0M.
Key information
-1,455.0%
Debt to equity ratio
US$1.16b
Debt
Interest coverage ratio | 47.1x |
Cash | US$291.00m |
Equity | -US$80.00m |
Total liabilities | US$2.87b |
Total assets | US$2.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: G020 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: G020 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: G020 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: G020's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: G020's debt is well covered by operating cash flow (33.8%).
Interest Coverage: G020's interest payments on its debt are well covered by EBIT (47.1x coverage).