Gear4music (Holdings) Balance Sheet Health
Financial Health criteria checks 3/6
Gear4music (Holdings) has a total shareholder equity of £36.0M and total debt of £24.0M, which brings its debt-to-equity ratio to 66.6%. Its total assets and total liabilities are £92.4M and £56.3M respectively. Gear4music (Holdings)'s EBIT is £638.0K making its interest coverage ratio 0.4. It has cash and short-term investments of £5.9M.
Key information
66.6%
Debt to equity ratio
UK£24.00m
Debt
Interest coverage ratio | 0.4x |
Cash | UK£5.92m |
Equity | UK£36.01m |
Total liabilities | UK£56.34m |
Total assets | UK£92.36m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: G4A's short term assets (£49.3M) exceed its short term liabilities (£21.4M).
Long Term Liabilities: G4A's short term assets (£49.3M) exceed its long term liabilities (£35.0M).
Debt to Equity History and Analysis
Debt Level: G4A's net debt to equity ratio (50.2%) is considered high.
Reducing Debt: G4A's debt to equity ratio has increased from 56.1% to 66.6% over the past 5 years.
Debt Coverage: G4A's debt is well covered by operating cash flow (52.1%).
Interest Coverage: G4A's interest payments on its debt are not well covered by EBIT (0.4x coverage).