Gaming Innovation Group Balance Sheet Health
Financial Health criteria checks 4/6
Gaming Innovation Group has a total shareholder equity of €95.4M and total debt of €76.3M, which brings its debt-to-equity ratio to 80%. Its total assets and total liabilities are €280.1M and €184.7M respectively. Gaming Innovation Group's EBIT is €28.7M making its interest coverage ratio 3.8. It has cash and short-term investments of €15.5M.
Key information
80.0%
Debt to equity ratio
€76.26m
Debt
Interest coverage ratio | 3.8x |
Cash | €15.49m |
Equity | €95.38m |
Total liabilities | €184.75m |
Total assets | €280.12m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GI11's short term assets (€170.7M) exceed its short term liabilities (€68.0M).
Long Term Liabilities: GI11's short term assets (€170.7M) exceed its long term liabilities (€116.7M).
Debt to Equity History and Analysis
Debt Level: GI11's net debt to equity ratio (63.7%) is considered high.
Reducing Debt: GI11's debt to equity ratio has increased from 75.8% to 80% over the past 5 years.
Debt Coverage: GI11's debt is well covered by operating cash flow (53.9%).
Interest Coverage: GI11's interest payments on its debt are well covered by EBIT (3.8x coverage).