Gamma Communications Balance Sheet Health
Financial Health criteria checks 5/6
Gamma Communications has a total shareholder equity of £344.2M and total debt of £1.7M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are £474.8M and £130.6M respectively. Gamma Communications's EBIT is £83.0M making its interest coverage ratio -18.4. It has cash and short-term investments of £136.5M.
Key information
0.5%
Debt to equity ratio
UK£1.70m
Debt
Interest coverage ratio | -18.4x |
Cash | UK£136.50m |
Equity | UK£344.20m |
Total liabilities | UK£130.60m |
Total assets | UK£474.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6GC's short term assets (£260.5M) exceed its short term liabilities (£89.1M).
Long Term Liabilities: 6GC's short term assets (£260.5M) exceed its long term liabilities (£41.5M).
Debt to Equity History and Analysis
Debt Level: 6GC has more cash than its total debt.
Reducing Debt: 6GC's debt to equity ratio has increased from 0% to 0.5% over the past 5 years.
Debt Coverage: 6GC's debt is well covered by operating cash flow (6364.7%).
Interest Coverage: 6GC earns more interest than it pays, so coverage of interest payments is not a concern.