Gladstone Investment Balance Sheet Health
Financial Health criteria checks 0/6
Gladstone Investment has a total shareholder equity of $459.9M and total debt of $413.5M, which brings its debt-to-equity ratio to 89.9%. Its total assets and total liabilities are $917.6M and $457.7M respectively. Gladstone Investment's EBIT is $50.0M making its interest coverage ratio 2.1. It has cash and short-term investments of $2.8M.
Key information
89.9%
Debt to equity ratio
US$413.50m
Debt
Interest coverage ratio | 2.1x |
Cash | US$2.82m |
Equity | US$459.94m |
Total liabilities | US$457.68m |
Total assets | US$917.62m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1G3's short term assets ($13.0M) do not cover its short term liabilities ($43.4M).
Long Term Liabilities: 1G3's short term assets ($13.0M) do not cover its long term liabilities ($414.3M).
Debt to Equity History and Analysis
Debt Level: 1G3's net debt to equity ratio (89.3%) is considered high.
Reducing Debt: 1G3's debt to equity ratio has increased from 44.6% to 89.9% over the past 5 years.
Debt Coverage: 1G3's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1G3's interest payments on its debt are not well covered by EBIT (2.1x coverage).