CGG Balance Sheet Health
Financial Health criteria checks 2/6
CGG has a total shareholder equity of $1.1B and total debt of $1.2B, which brings its debt-to-equity ratio to 112.6%. Its total assets and total liabilities are $2.9B and $1.9B respectively. CGG's EBIT is $120.1M making its interest coverage ratio 1.3. It has cash and short-term investments of $327.0M.
Key information
112.6%
Debt to equity ratio
US$1.20b
Debt
Interest coverage ratio | 1.3x |
Cash | US$327.00m |
Equity | US$1.06b |
Total liabilities | US$1.85b |
Total assets | US$2.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GDGF's short term assets ($973.7M) exceed its short term liabilities ($550.3M).
Long Term Liabilities: GDGF's short term assets ($973.7M) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: GDGF's net debt to equity ratio (81.8%) is considered high.
Reducing Debt: GDGF's debt to equity ratio has increased from 66.7% to 112.6% over the past 5 years.
Debt Coverage: GDGF's debt is well covered by operating cash flow (33.9%).
Interest Coverage: GDGF's interest payments on its debt are not well covered by EBIT (1.3x coverage).