Great Lakes Dredge & Dock Balance Sheet Health
Financial Health criteria checks 2/6
Great Lakes Dredge & Dock has a total shareholder equity of $385.5M and total debt of $412.1M, which brings its debt-to-equity ratio to 106.9%. Its total assets and total liabilities are $1.1B and $725.3M respectively. Great Lakes Dredge & Dock's EBIT is $18.3M making its interest coverage ratio 1.5. It has cash and short-term investments of $22.8M.
Key information
106.9%
Debt to equity ratio
US$412.07m
Debt
Interest coverage ratio | 1.5x |
Cash | US$22.84m |
Equity | US$385.55m |
Total liabilities | US$725.29m |
Total assets | US$1.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5GL's short term assets ($226.3M) exceed its short term liabilities ($179.4M).
Long Term Liabilities: 5GL's short term assets ($226.3M) do not cover its long term liabilities ($545.8M).
Debt to Equity History and Analysis
Debt Level: 5GL's net debt to equity ratio (101%) is considered high.
Reducing Debt: 5GL's debt to equity ratio has reduced from 155.1% to 106.9% over the past 5 years.
Debt Coverage: 5GL's debt is not well covered by operating cash flow (11.5%).
Interest Coverage: 5GL's interest payments on its debt are not well covered by EBIT (1.5x coverage).