Golden Entertainment Balance Sheet Health
Financial Health criteria checks 2/6
Golden Entertainment has a total shareholder equity of $513.1M and total debt of $387.6M, which brings its debt-to-equity ratio to 75.5%. Its total assets and total liabilities are $1.1B and $588.5M respectively. Golden Entertainment's EBIT is $53.0M making its interest coverage ratio 1.3. It has cash and short-term investments of $68.6M.
Key information
75.5%
Debt to equity ratio
US$387.61m
Debt
| Interest coverage ratio | 1.3x |
| Cash | US$68.55m |
| Equity | US$513.13m |
| Total liabilities | US$588.45m |
| Total assets | US$1.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GE6's short term assets ($105.5M) exceed its short term liabilities ($94.8M).
Long Term Liabilities: GE6's short term assets ($105.5M) do not cover its long term liabilities ($493.7M).
Debt to Equity History and Analysis
Debt Level: GE6's net debt to equity ratio (62.2%) is considered high.
Reducing Debt: GE6's debt to equity ratio has reduced from 379.4% to 75.5% over the past 5 years.
Debt Coverage: GE6's debt is not well covered by operating cash flow (15.7%).
Interest Coverage: GE6's interest payments on its debt are not well covered by EBIT (1.3x coverage).