Gowing Bros Balance Sheet Health
Financial Health criteria checks 3/6
Gowing Bros has a total shareholder equity of A$194.3M and total debt of A$95.9M, which brings its debt-to-equity ratio to 49.4%. Its total assets and total liabilities are A$322.0M and A$127.7M respectively. Gowing Bros's EBIT is A$6.1M making its interest coverage ratio 1.1. It has cash and short-term investments of A$18.3M.
Key information
49.4%
Debt to equity ratio
AU$95.87m
Debt
| Interest coverage ratio | 1.1x |
| Cash | AU$18.33m |
| Equity | AU$194.26m |
| Total liabilities | AU$127.75m |
| Total assets | AU$322.00m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: A36's short term assets (A$41.5M) exceed its short term liabilities (A$6.6M).
Long Term Liabilities: A36's short term assets (A$41.5M) do not cover its long term liabilities (A$121.2M).
Debt to Equity History and Analysis
Debt Level: A36's net debt to equity ratio (39.9%) is considered satisfactory.
Reducing Debt: A36's debt to equity ratio has reduced from 59.4% to 49.4% over the past 5 years.
Debt Coverage: A36's debt is not well covered by operating cash flow (0.5%).
Interest Coverage: A36's interest payments on its debt are not well covered by EBIT (1.1x coverage).