Goldplat Balance Sheet Health
Financial Health criteria checks 4/6
Goldplat has a total shareholder equity of £18.4M and total debt of £840.0K, which brings its debt-to-equity ratio to 4.6%. Its total assets and total liabilities are £48.5M and £30.0M respectively. Goldplat's EBIT is £4.5M making its interest coverage ratio 2.4. It has cash and short-term investments of £1.8M.
Key information
4.6%
Debt to equity ratio
UK£840.00k
Debt
| Interest coverage ratio | 2.4x |
| Cash | UK£1.76m |
| Equity | UK£18.44m |
| Total liabilities | UK£30.02m |
| Total assets | UK£48.46m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: G7N's short term assets (£36.7M) exceed its short term liabilities (£28.7M).
Long Term Liabilities: G7N's short term assets (£36.7M) exceed its long term liabilities (£1.4M).
Debt to Equity History and Analysis
Debt Level: G7N has more cash than its total debt.
Reducing Debt: G7N's debt to equity ratio has increased from 4.2% to 4.6% over the past 5 years.
Debt Coverage: G7N's debt is well covered by operating cash flow (393.2%).
Interest Coverage: G7N's interest payments on its debt are not well covered by EBIT (2.4x coverage).