Gannett Balance Sheet Health
Financial Health criteria checks 2/6
Gannett has a total shareholder equity of $239.9M and total debt of $992.1M, which brings its debt-to-equity ratio to 413.4%. Its total assets and total liabilities are $2.1B and $1.8B respectively. Gannett's EBIT is $96.9M making its interest coverage ratio 0.9. It has cash and short-term investments of $101.8M.
Key information
413.4%
Debt to equity ratio
US$992.06m
Debt
| Interest coverage ratio | 0.9x |
| Cash | US$101.80m |
| Equity | US$239.95m |
| Total liabilities | US$1.82b |
| Total assets | US$2.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2N2A's short term assets ($432.7M) do not cover its short term liabilities ($551.2M).
Long Term Liabilities: 2N2A's short term assets ($432.7M) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: 2N2A's net debt to equity ratio (371%) is considered high.
Reducing Debt: 2N2A's debt to equity ratio has increased from 71.6% to 413.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 2N2A has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 2N2A is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 11.4% per year.