GSK Balance Sheet Health
Financial Health criteria checks 3/6
GSK has a total shareholder equity of £13.2B and total debt of £17.8B, which brings its debt-to-equity ratio to 134.3%. Its total assets and total liabilities are £58.5B and £45.3B respectively. GSK's EBIT is £9.4B making its interest coverage ratio 16.7. It has cash and short-term investments of £4.1B.
Key information
134.3%
Debt to equity ratio
UK£17.77b
Debt
Interest coverage ratio | 16.7x |
Cash | UK£4.10b |
Equity | UK£13.23b |
Total liabilities | UK£45.28b |
Total assets | UK£58.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GS71's short term assets (£17.2B) do not cover its short term liabilities (£19.8B).
Long Term Liabilities: GS71's short term assets (£17.2B) do not cover its long term liabilities (£25.4B).
Debt to Equity History and Analysis
Debt Level: GS71's net debt to equity ratio (103.4%) is considered high.
Reducing Debt: GS71's debt to equity ratio has reduced from 942.1% to 134.3% over the past 5 years.
Debt Coverage: GS71's debt is well covered by operating cash flow (43.2%).
Interest Coverage: GS71's interest payments on its debt are well covered by EBIT (16.7x coverage).